Coor issues bonds of SEK 1,000 million
Coor Service Management Holding AB (”Coor”) today announces that it has issued senior unsecured bonds in the total amount of SEK 1,000 million. The bonds have a tenor of 5 years and a floating interest rate of three-months STIBOR plus 230 bps. The bond generated strong investor interest and the issue was oversubscribed.The proceeds will be used towards refinancing of the existing bridge facility. – The confidence and strong interest shown by credit investors is very positive. We are happy to note that our inaugural issue was significantly oversubscribed, says Mikael Stöhr, President and