Cimco Marine AB (publ) Corporate Bond tap issue was oversubscribed
The Corporate Bond issue by Cimco Marine AB (“Cimco” or the “Company”) announced yesterday was oversubscribed. The Company will receive SEK 26 million before issue costs.The Company launched the corporate bond today and was oversubscribed within a few hours. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue. The bonds, including the 80MSEK that was issued in February 2018, is to mature in February 2021, and will bear a fixed coupon of 10.75 per cent p.a. with quarterly interest payments. The bonds are secured through business mortgage certificates amounting to 102