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Borgo AB – Tender Offer 2024 (SE) - Results
Borgo AB (publ) announces results of tender offer regarding outstanding SEK notes (Mar, 2024) - SE0013360831 - SE0013360633
13 MARCH 2024
Full announcement, including disclaimers and offer/distribution restrictions, available via: Borgo AB
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"Results and Pricing
The Tender Offer expired at 12:00pm CET on 13 March 2024. The Issuer will accept all valid tender instructions pursuant to the Tender Offer and has increased the Transaction Cap to SEK 810,000,000. The Results of the Tender Offer are set out in the table below: Acceptance
Priority / Description of the Notes / ISIN / Purchase Price / Amount Accepted
Priority 1 / SEK 500,000,000 Fixed due November 2024 / SE0013360831 / 100.10% / 378,000,000
Priority 2 / SEK 1,750,000,000 FRN due February 2025 / SE0013360633 / 99.60% / 432,000,000
The Issuer will also pay an amount equal to any accrued and unpaid interest on the Notes on the Settlement Date (as defined below) in accordance with the terms and conditions of the Notes."
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Borgo AB (publ) announces tender offer regarding outstanding SEK notes - SE0013360831 - SE0013360633
11 MARCH 2024
Full announcement, including disclaimers and offer/distribution restrictions, available via: Cision
Borgo AB (publ) (the “Issuer” or “Borgo”) announces today an invitation to holders (the “Holders”) of certain
of the Issuer’s outstanding SEK notes maturing in 2024 and 2025 outlined below issued under the Issuer’s
Medium Term Note and Covered Bond Programme (the “Notes”) to tender Notes for purchase by the Issuer
for cash (the “Tender Offer”) at the terms and conditions set out in the attached Tender Information
Document dated 11 March 2024.
Description of the Notes / ISIN
SEK 500,000,000 Fixed due November 2024 / SE0013360831
SEK 1,750,000,000 FRN due February 2025 / SE0013360633
The Tender Offer expires at 12:00 CET on 13 March 2024, unless extended, re-opened, withdrawn or
terminated at the sole discretion of the Issuer (“Expiration Date”).
The Issuer has appointed Skandinaviska Enskilda Banken AB (publ) (“SEB”) to act as dealer manager
(the “Dealer Manager”) in connection with the Tender Offer.
To participate in the Tender Offer please contact the Dealer Manager at the details below.
For further information, please contact:
Skandinaviska Enskilda Banken AB (publ), Telephone: +44 7818 426 149, Email:
Borgo AB (publ),
Adam Lewenhaupt, Chief Commercial Officer
E-mail: adam.lewenhaupt@borgohypotek.se
Fernanda Echenique, Head of Treasury
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"Purpose of the Tender Offer
The Tender Offer is being made as part of the Issuer’s commitments to exercise active management of its balance sheet and to provide the Holders with liquidity."
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