By William Gullotti
Buffalo, N.Y., Feb. 1 – ZetaDisplay AB priced SEK 300 million of senior secured bonds with a three-year tenor, according to a press release on Wednesday.
The bonds were issued under a SEK 500 million framework, bearing interest at a floating rate of Stibor plus 775 basis points.
ABG Sundal Collier acted as bookrunner.
According to the press release, transaction was “well oversubscribed” with interest from both Nordic and international institutional investors.
Proceeds will be used to refinance the company’s SEK 300 million senior unsecured bonds due March 2023 (ISIN: SE0013109568). The official redemption notice for the unsecured bonds, indicating a Feb. 27 redemption date, was included with the press release.
The company intends to apply to list the bonds on the corporate bond list of Nasdaq Stockholm.
ZetaDisplay, based in Stockholm, is a supplier of digital signage to large retail chains.
| Issuer: | ZetaDisplay AB
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| Issue: | Senior secured bonds
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| Amount: | SEK 300 million
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| Maturity: | February 2026
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| Bookrunner: | ABG Sundal Collier
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| Coupon: | Stibor plus 775 bps
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| Announcement date: | Feb. 1
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