Opus issues USD 50 million L/C backed bonds in the U.S.
Opus Group AB (publ) has issued USD 50 million Taxable Corporate Notes, commonly known as Letter of Credit (L/C) backed bonds, in the U.S. The proceeds from the transaction will be used for refinancing of existing debt, thereby securing our cash position to support Opus’ continued growth.The L/C backed bonds of USD 50 million carry a variable short-term taxable interest rate, in line with LIBOR 7 days. The L/C backed bonds are guaranteed through a letter of credit issued by Swedbank AB (publ), New York Branch. The letter of credit has a maturity of three years and is extendable upon