ZetaDisplay AB Successfully Places SEK 500 Million Bond Issue

Author: Evelyn Baker Updated: 03-21-2025 11:46 AM

Successful Bond Issue by ZetaDisplay AB

ZetaDisplay AB (publ) is thrilled to announce its successful completion of a new bond issuance amounting to SEK 500 million. Through a structured bookbuilding process, ZetaDisplay has successfully placed this senior secured bond issue, which boasts a three-year term.

Key Features of the Bond Issue

The newly issued bonds, referred to as the "Bonds," will feature a floating interest rate linked to the 3-month STIBOR, coupled with a margin of 6.50%. Investors responded positively, leading to substantial demand from institutional backers, both new and existing.

Settlement and Listing Plans

Settlement for this bond issue is anticipated to take place on or around April 4, 2025. ZetaDisplay intends to pursue a listing for these Bonds on Nasdaq Stockholm, enhancing its visibility and credibility in the financial markets.

Tender Offer for Existing Bonds

In conjunction with the bond issuance, ZetaDisplay is addressing its existing senior secured bonds with ISIN SE0018742488, offering bondholders the chance to tender their bonds. The offered price stands at 102.325% plus accrued interests, in line with the terms provided in the Tender Information Document released on March 14, 2025.

Tender Offer Outcomes

The Tender Offer concluded successfully today at 13:00 CET, with valid tenders amounting to SEK 166.25 million having been received. Every valid tender instruction has been accepted, and the settlement for this offer is also scheduled for approximately April 4, 2025.

Future Redemption Plans

ZetaDisplay has expressed its intention to execute an early redemption of its existing bonds, adhering to Clause 9.3 of the bond terms. The redemption date is set for April 17, 2025, where bondholders can expect to receive 102.325% of the nominal amount along with accrued interests.

Conditions Affecting Redemption

It's important to note that the obligation to redeem these bonds is contingent upon the successful issuance of the new bonds and fulfilling certain conditions precedent. Therefore, the early redemption will proceed only if all necessary conditions are satisfied.

Impact on Existing Bonds

Bondholders should be aware that the existing bonds will be de-listed from Nasdaq Stockholm's corporate bond list following the scheduled redemption date. This action is part of ZetaDisplay's strategic decisions to streamline its capital structure.

The bond issue was orchestrated with the assistance of Pareto Securities, which acted as the Global Coordinator and Joint Bookrunner. Nordea Bank Abp also played a crucial role as a Joint Bookrunner in this transaction.

Contact Information

For further insights or inquiries regarding this announcement, please reach out to:

Anders Olin, President & CEO

Mobile: +46 076-101 14 88

Email: anders.olin@zetadisplay.com

Claes Pedersen, CFO

Mobile: +45 23-68 86 58

Email: claes.pedersen@zetadisplay.com

Frequently Asked Questions

What is the amount of the newly issued bonds by ZetaDisplay AB?

The newly issued bonds amount to SEK 500 million.

When is the settlement date for the bond issue?

The settlement date is expected to be on or around April 4, 2025.

What interest rate will the new bonds carry?

The new bonds will have a floating interest rate based on 3-month STIBOR plus a margin of 6.50%.

What is the offer price for the existing bonds?

The offer price for the existing bonds is 102.325% plus accrued unpaid interest.

Who coordinated the bond issuance?

Pareto Securities acted as the Global Coordinator for the bond issuance.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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