Zengun Group AB (publ) has acquired its own bonds at a nominal amount corresponding to MSEK 5

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 four Bonds with a total nominal value of SEK 5,000,000. The price per Bond amounted to 101.00% of the Bond’s nominal value. The total purchase consideration for the bought-back bonds thereby amounted to SEK 5,050,000.

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 the aforementioned Bonds totals a nominal amount of SEK 175,000,000.

Zengun will continue to evaluate the bond market and subject to the company’s liquidity needs may from time to time repurchase further Bonds in the market.

For more information, please contact:
Mick Salonen, President and CEO, +46 (0) 70 569 66 73
Oskar Björklund, CFO, +46 (0) 79 072 84 57

Driving projects drives Zengun. We operate in Stockholm and Mälardalen, in close collaboration with customers and always with the project and people in focus. We help property owners improve their property portfolios in each project by offering know-how and skills as a collaboration and sustainability partner throughout the entire lifespan of the project. We build commercial properties, with a mix of select public-sector properties and residential projects. We take the long term into consideration for our employees, customers and surroundings, and are constantly developing to make each project a reference project. In 2022, Zengun had sales of approximately SEK 2.5 billion and 150 employees. #zengunbyggerstaden