22 May 2014
Gernandt & Danielsson advises in Index International’s bond issue
Gernandt & Danielsson advises in Index International’s issue of bonds with a value of SEK 350 million within a framework amount of SEK 500 million.
The company Index International AB (publ), primarily focusing on investments in real estate and property development, has issued Swedish bonds with a value of SEK 350 million, with the possibility of issuing additional bonds to a value of SEK 150 million. The net proceeds of the bond issue will primarily be used towards prepayment of Index International’s previously issued bonds. The American company Index Enterprise LLC has entered into a guarantee as security for Index International’s obligations under the bond issue. The issue was a private placement directed to Swedish and foreign institutional investors and the bonds will subsequently be listed at NASDAQ OMX Stockholm.
Gernandt & Danielsson has advised the company’s financial advisor Swedbank AB (publ) with a team consisting of partner Mikael Borg and associates Richard Ramberg and Marcus Karner.