MTG issues SEK 500 million bond

MTG issues SEK 500 million bond

Stockholm
September 27, 2016
15.30 CEST
  • Four year corporate bond extends debt maturity profile
  • Part of Medium Term Note programme established in 2016

MTG today successfully issued a SEK 500 million four year corporate bond that will be listed on Nasdaq Stockholm. The notes have been placed with Swedish and international investors, and the coupon is based on the three month STIBOR rate plus 1.4%.

The financing proceeds will be used to replace part of the Group’s existing short term funding.

Maria Redin, Chief Financial Officer of MTG: “This is our second listed bond offering and investor interest was again high. This issue further enhances the mix of our funding structures, and provides long term funding for the continued development of the business and delivery of our strategy.”

MTGs’ domestic Medium Term Note (MTN) programme was established in 2016 with a framework amount of up to SEK 2 billion.

Swedbank (publ) and SEB (publ) acted as joint bookrunners of the issue.

****

Any questions?
mtg.com  

facebook.com/MTGAB  

@mtgab 

press@mtg.com / +46 (0)73 699 27 09

investors@mtg.com / +46 (0)73 699 27 14

MTG (Modern Times Group MTG AB (publ.)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. Our popular entertainment brands span Content Production, TV, Radio and eSports, and are available around the world. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).  

Download the press files:
Press release as PDF