Lindetorpsvägen 7, Stockholm, Sweden
+46-8-602 12 00
Nynas has successfully issued additional senior unsecured bonds of SEK 450 000 000 within its existing bond loan (ISIN SE0005994167) with a total frame amount of SEK 1 100 000 000 and final maturity date in June 2018.
The bonds are issued at a price of 102 per cent of the nominal amount. The total outstanding amount after the issue is SEK 1 100 000 000. The existing bonds are listed on Nasdaq Stockholm and Nynas will also apply for listing of the newly issued bonds at Nasdaq Stockholm. The proceeds from the bond issue will be used towards refinancing existing debt and for general corporate purposes. Expected settlement date for the additional bonds is 26 May 2017.
"A broad range of mainly Nordic bond investors participated in the transaction and we are very pleased with the outcome and the strong support we have received, both from existing as well as new investors," says Bo Askvik, CFO.
Danske Bank, Nordea and SEB acted as joint bookrunners and Gernandt & Danielsson Advokatbyrå has acted as legal advisor in connection with the bond issue.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
Nynas’ sales increased to SEK 2,644 million (2,570) as a result of higher oil prices compared to the first quarter of 2017. Sales volumes decreased by 15 per cent compared to the first quarter 2017 due to a late start of the bitumen season. EBITDA amounted to SEK 84 million (151).Read more about NYNAS REPORTS FIRST QUARTER 2018
Nynas increased its sales volumes by 5 per cent in the fourth quarter and by 7 per cent for the full year, compared to 2016. The operating result for the quarter (EBITDA) amounted to SEK 396 million (44) and for the full year to SEK 1,218 million (1,009).Read more about Nynas reports fourth quarter and full year results 2017