Bond

On 3 April 2017, the company announced the completion of an SEK 300m senior unsecured bond issue within a total framework of SEK 750m. The bond matures 7 April 2021 and carries a floating rate coupon of STIBOR 3M plus 5.75%. The company applied to list the bond on Nasdaq Stockholm and the first day for trading was 9 May 2017.

On 11 September 2018, Genova issued bonds for a further SEK 200m under this tap issue, which was subject to the same terms and conditions. The first day for trading was 24 September 2018.

On 23 September 2019, Genova announced an SEK 525m senior unsecured bond issue within a total framework of SEK 750m. The bond matures 30 September 2023 and carries a floating rate coupon of STIBOR 3M plus 5.25%. The bond was listed on Nasdaq Stockholm and the first day for trading was 15 November 2019. Part of the issue proceeds will be used to repurchase the company’s existing bonds issued in 2017 and 2018. In total, the company will repurchase existing bonds to a nominal value of SEK 341m at a cost of 103% of the nominal amount plus accrued interest.”