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Vinge has advised Lendify in connection with a bond issue

February 07, 2018 Banking and Finance

Lendify AB (”Lendify”), a P2P-lending plattform, has issued bonds in the amount of SEK 400,000,000 on 29 January 2018 through its wholly-owned subsidiary Lendify Sweden 2 AB (publ).

The bonds have a tenor of two years and an annual interest rate of three-months Stibor + 4.5%. The bonds are backed by a portfolio of promissory notes issued by consumers in Sweden in favour of Lendify.

Together with the management of the company, Carnegie Investment Bank and DNB Markets as arrangers and their legal advisor, Vinge acted for Lendify in the structuring and documentation of the transaction.

Vinge’s team consisted of Albert Wållgren, Lionardo Ojeda and Sebastian Frisk.

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