Duett Software Group AS (“Duett”), a leading provider of software solutions to the SMB market in Norway and Denmark, has successfully placed a new senior secured bond of NOK 550m within a framework of NOK 1,500m and with a tenor of 3.0 years. The net proceeds from the bond issue will be used to refinance Duett’s existing NOK 500m senior secured bond with maturity in April 2026.
The bond issue received strong demand from high-quality institutional investors and the transaction was significantly oversubscribed. The new senior secured bond will carry a floating interest rate of NIBOR 3m plus 5.50% p.a. and will be listed on Oslo Stock Exchange within 12 months.
