Vinge has advised Northmill Group AB in connection with its successful issuance of SEK 100 million tier 2 capital bonds (T2) with a floating rate interest of 3-month STIBOR + 650 basis points.
The issuance represents Northmill’s first Tier 2 bond and strengthens its capital base whilst laying the foundation for continued profitable growth. The capital also enables the achievement of previously stated financial targets, whilst highlighting Northmill’s position as an innovative market player. Northmill Group is the parent company of Northmill Bank, a Swedish challenger bank providing financial services for both consumer and business customers.
DNB Carnegie acted as sole bookrunner in connection with the bond issuance.
Vinge’s team consisted of Albert Wållgren, Lionardo Ojeda, Caroline Krassén and Nilufer Nouri.
