Arise purchases bonds
Arise today announces that it has repurchased bonds with a nominal value of SEK 32,000,000. The repurchase of bonds concerns the company’s secured bonds with a nominal amount outstanding of SEK 650,000,000 (ISIN: SE0010920900). The bonds have a floating rate corresponding to STIBOR 3m plus 4.5 percent and are due in March 2021. The purchase price corresponds to 98.5 percent of the nominal value of the bonds, i.e. SEK 31,520,000. The purpose of the repurchase is to decrease gross debt and improve Arise’s net financials. The repurchase has been made possible by the company’s strong cash