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Storskogen Group Issues SEK500 Million Senior Bonds

MT Newswires·11/11/2026 23:53:54
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11:53 PM EST, 11/11/2026 (MT Newswires) -- Storskogen Group (STOR-B.ST) issued 500 million kronor of senior unsecured bonds due in January 2031, according to a Wednesday release. Drawn from its medium-term note program of 7 billion kronor, the Swedish conglomerate's new bonds are subject to an annual floating rate of three-month Stockholm interbank offered rate plus 250 basis points. Settlement of the bonds is expected by Nov. 18, 2026, with proceeds earmarked to partially redeem its outstanding bonds due Dec. 7, 2027. Remaining funds will be used for general corporate expenditures.