Zengun Group AB (publ) has acquired its own bonds at a nominal amount corresponding to MSEK 20
On 19 October 2020, Zengun Group AB (publ) (the “Company”) issued a covered bond of SEK 600,000,000 within a framework of SEK 1,000,000,000 (the “Bond”). The Company has acquired 16 Bonds with a total nominal value of SEK 20,000,000. The price per Bond amounted to 99.95% of the Bond’s nominal value. The total purchase consideration for the bought-back bonds thereby amounted to SEK 19,990,000. The objective of the buy-back was to reduce the Company’s gross debt and interest expenses and was made possible by the Company’s strong cash position. Following the buyback, Zengun’s holdings of