Chicago, March 13 – Orexo AB issued SEK 500 million of four-year senior secured callable floating-rate social bonds, according to a press release.
Interest will be at Stibor plus 650 basis points.
ABG Sundal Collier and Carnegie Investment Bank are the arrangers and joint bookrunners.
The deal was oversubscribed, with investor interest from both Nordic and international institutional investors.
Proceeds will be used in accordance with the issuer’s social financing framework, including refinancing an existing issue of bonds due in February 2025. Proceeds may also be used to refinance permitted acquisitions or investments under the social financing framework.
The bonds will be listed on Nasdaq Stockholm.
Orexo is a pharmaceutical company based in Uppsala, Sweden.
| Issuer: | Orexo AB
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| Amount: | SEK 500 million
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| Issue: | Senior secured callable floating-rate social bonds
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| Tenor: | Four years
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| Bookrunners: | ABG Sundal Collier and Carnegie Investment Bank
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| Counsel to issuer: | Gernandt & Danielsson Advokatbyra KB
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| Coupon: | Stibor plus 650 bps
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| Announcement date: | March 13
|
| Marketing: | Investor meetings
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