Strömma Turism & Sjöfart AB

Senior unsecured floating rate bond issue by Strömma Turism & Sjöfart AB (publ) — SEK 300 million

Strömma Turism & Sjöfart AB (publ) has successfully completed a five-year SEK 300 million senior unsecured floating rate bond issue, following strong demand from Nordic investors. 
The bond carries a floating rate coupon of Stibor 3m + 5.90% with quarterly interest payments and has a total framework amount of SEK 400 million. The proceeds will be used as partial payment to acquire at least 99 percent of the shares in a leading European sightseeing experience operator. Strömma intends to apply for listing of the bond on Nasdaq Stockholm within 60 days.

The transaction was well received amongst Nordic investors and closed within 8 hours from launch.

Carnegie acted as Sole Bookrunner and Issuing Agent in the transaction.

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