Sweden: ADDvise places SEK1bn of three-year bonds in advance of redeeming outstanding bond loan

ADDvise Group has placed SEK1bn (US$97m) of three-year senior secured bonds under a framework of SEK2bn. The new bonds pay a coupon of 3-month Stibor plus 5.50% and were issued at par. The bond issue attracted strong demand from a broad base of Nordic and international institutional investors and was significantly oversubscribed, according to ADDvise….