Thule has issued a senior unsecured bond of SEK 1,000 million with a three-year maturity under the framework of its MTN program. Interest from investors was high and the transaction was oversubscribed 2.6 times.
The issuance is a floating-rate three-year bond amounting to SEK 1,000 million. The proceeds from the issuance will be used for general corporate purposes.
“We are pleased to have completed our first issuance within Thule’s recently established MTN program and we have seen a strong interest in investing in our bond. We look forward to continuing to be active in the bond market to broaden and diversify our funding sources.”, says Toby Lawton, CFO at Thule.
Danske Bank and DNB Carnegie have acted as financial advisers in connection with the bond issuance.