Exiqon announces issue of corporate bonds
Exiqon today announced the issue of corporate bonds in the total amount of DKK 15 million. The corporate bonds are directed towards a smaller group of investors in Denmark and are not listed on a regulated market. The following main terms apply for the corporate bonds which are characterized as subordinated loan capital:
Term: 1 March, 2013 until 1 March, 2016
Type: The corporate bonds are a bullet loan
Interest: Fixed rate of 8.85% p.a. which is payable biannually with the first interest payment on 1 September, 2013
Termination: Exiqon is entitled to redeem the principal sum two (2) times before the expiry date of 1 March, 2014 and 1 March, 2015 respectively
Proceeds will be used to accelerate planned investments and capture potential for future growth.
Handelsbanken Corporate Finance has acted as financial adviser in connection with the placing of corporate bonds.
Additional information
Lars Kongsbak, CEO, phone +45 4566 0888 (cell: +45 4090 2101)
Hans Henrik Chrois Christensen, CFO, phone +45 4566 0888 (cell: +45 4090 2131)
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