Northmill successfully places a SEK 500 million senior unsecured bond
Northmill Group has issued a senior unsecured bond, with an initial bond issue of SEK 500 million under a total framework of SEK 1,000 million. The tenor of the bond is 3 years. The bond will initially be listed on FWB Frankfurter Wertpapierbörse (Open Market) with ISIN SE0011614973 and subsequently on Nasdaq Stockholm, dated at less than one year from First Issue Date.
“We are very pleased with the successful process and the great interest from investors. The proceeds from the bond issue allow us to continue our growth journey and expand our product portfolio" says Lars Blomfeldt, Chief Executive Officer at Northmill.
Agent for the bond issuance is Nordic Trustee and Agency AB, and the sole bookrunner is Pareto Securities.
Northmill is a Swedish fintech innovation company, founded in 2006 with the vision of simplifying everyone’s financial life. Northmill develops straightforward and secure financial services using technology and innovation, with offices in Sweden, Finland, and Poland. As of 2018, the company has over 360 000 users and 85 employees.
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