Money Buzz! Europa

Tag: bond

  • Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

    Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

    Svenska Cellulosa Aktiebolaget (SCA) issued new bonds under the companys’ Medium Term Note programme (MTN).

    The total issuance amounted SEK 2.5 billion, of which SEK 1.3 billion with a 5 year maturity with fixed and floating rates, and SEK 1.2 billion with a seven year maturity with fixed rates.

    The interest rate margin was 0.80% per annum on the five year bond and 1.10% per annum on the seven year bond.

    The proceeds from the bond issue will be used for general corporate purposes, including the re-financing of outstanding bonds and other short term debt.

    Handelsbanken Capital Markets and Swedbank acted as Joint Bookrunners for the transaction. The bonds will be listed on Nasdaq Stockholm.

  • Libra Internet Bank bond issue will start trading on Bucharest Stock Exchange

    Libra Internet Bank bond issue will start trading on Bucharest Stock Exchange

    Libra Internet Bank bond issue will start trading on BVB Multilateral Trading System (MTS) on 3 September 2020.

    The bank attracted EUR 4.29mn, through a private placement for subordinated bonds, unsecured and denominated in EUR, and conducted on the capital market between March 17th and 23rd, 2020.

    There are 8.593 of bonds at a face value of EUR 500 at a 5% p.a. interest (payable on a half year basis).

    The private placement for Libra Internet Bank bonds was intermediated by TradeVille.

    The bonds were subscribed by 27 investors, of which 2 are institutional investors and 25 retail investors (one legal entity and 24 individuals).

  • Enel to issue hybrid bonds up to a maximum of 1.5 billion euros

    Enel to issue hybrid bonds up to a maximum of 1.5 billion euros

    Enel decided to issue, by December 31st, 2021, one or more hybrid non-convertible subordinated bonds, in the maximum amount equal to the value of 1.5 billion euros.

    Bonds are to be placed exclusively with EU and non-EU institutional investors, including through private placements.

    The new issues are intended to refinance outstanding hybrid bonds for which early repayment options may be exercised as from this year, thus allowing the Enel Group to maintain a financial structure that is consistent with the assessment criteria of rating agencies and to actively manage maturities and the cost of debt.

    Enel Chief Executive Officer will have the task of deciding the issue of the new bonds and their respective characteristics, and therefore to establish, for each issue, times, amount, currency, interest rate and further terms and conditions, as well as placement methods and any listing on regulated markets or multilateral trading facilities, taking account developments in market conditions.