VEF Obtains SEK150 Million Secured Credit Facility

VEF (VEFAB.ST) obtained a secured credit facility worth 150 million kronor from Pareto Bank and disclosed a notice to redeem its outstanding bonds early.

The two-year credit facility, which will be priced at the Stockholm Interbank Offered Rate plus 415 basis points, is set to replace 300 million kronor of bonds due in December, according to a Monday release.

The Swedish investment company plans to redeem its 2023/2026 bonds at the nominal price plus accrued and unpaid interest. The redemption is subject to the new credit facility being established before Oct. 8.

What else is happening in Treasury?

Treasury5h ago

Shanghai Rural Commercial Bank Issues 4 Billion Yuan Worth of Bonds

Shanghai Rural Commercial Bank (SHA:601825) issued bonds amounting to 4 billion yuan, according to a Shanghai bourse filing over the weekend.The lender's shares rose 1% during Monday's morning trade.The bonds were issued in two tranches. The first tranche is worth 3 billion yuan and has a coupon rate of 1.55% and the second tranche amounted to 1 billion yuan and has an initial coupon rate of 1.60%, which is linked to the one-year loan prime rate minus 140 basis points.Both tranches have a maturity of three years.

SHA:601825

Treasury5h ago

China Minsheng Banking Issues 10 Billion Yuan Bond

China Minsheng Banking (SHA:600016, HKG:1988) issued bonds worth 10 billion yuan, according to a Shanghai bourse filing on the weekend.The bonds carry a three-year fixed interest rate with a coupon rate of 1.58%.

HKG:1988SHA:600016

Treasury5h ago

Bank of Beijing Raises 30 Billion Yuan Via Bond Issue

Bank of Beijing (SHA:601169) raised 30 billion yuan via the issue of the second tranche of its 2026 undated capital bonds.Proceeds will be used to replenish the additional Tier 1 capital, according to a weekend filing with the Shanghai bourse.The bonds have a coupon rate of 1.88% for the first five years, adjusted every five years.

SHA:601169