Northmill Group AB (publ) repurchases additional Bonds
Northmill Group AB (publ) has repurchased additional bonds with a nominal value of SEK 85 million, aiming to improve net interest income
Northmill Group AB (publ) (“Northmill Group” or “the Company”) has repurchased additional bonds with a nominal value of SEK 85,000,000.
The repurchases concern the Company’s senior unsecured bonds with a nominal outstanding amount of SEK 500,000,000 (ISIN:SE0011614973).
The bonds have a floating rate corresponding to STIBOR 3m plus 8.0 percent and are due in September 2021. The average purchase price corresponds to 98.58 percent of the nominal value of the bonds.
The purpose of the repurchase is to improve Northmill Group’s net interest income. The repurchases have been made possible by the Company’s strong cash position. Following the purchases, the Company’s holding amounts to a nominal amount of SEK 142,500,000.
This information is information that Northmill Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on March 20, 2020.
