VEF AB (publ)

04/06/2022 | Press release | Distributed by Public on 04/06/2022 09:13

VEF has successfully issued SEK 500m 3-year FRN senior unsecured sustainability bonds under its Sustainability Bond Framework

VEF AB (publ) ("VEF") has successfully issued SEK 500m senior unsecured sustainability bonds under a framework of SEK 1,000m. The bonds carry a floating coupon of 3m Stibor + 725 bps and are due in April 2025. The bonds are intended to be listed on the Nasdaq Stockholm sustainable bond list and the Open Market of the Frankfurt Stock Exchange. The bond issue was well received by Nordic institutional and retail investors, resulting in an oversubscribed order book.

The net proceeds will be used in accordance with VEF's newly established Sustainability Bond Framework ("the Framework"), into investments that are in accordance with the sustainable eligible asset categories set out in the Framework, including investments into existing, as well as future, portfolio companies.

DNB Markets and Pareto Securities acted as Joint Bookrunners, and Gernandt & Danielsson Advokatbyrå acted as deal council in relation to the transaction. DNB Markets acted as sole sustainability advisor.

For further information please contact:

Henrik Stenlund, CFO: +46 (0) 8-545 015 50

About Us

VEF AB (publ). is an investment company whose Common Shares are listed in Sweden. We invests in growth stage private fintech companies, take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq First North Growth Market under the ticker VEFAB. For more information on VEF, please visit http://www.vef.vc.

VEF's Certified Adviser on Nasdaq First North Growth Market is Aktieinvest FK AB, +46 8 506 517 03, [email protected].