Scandic Applies for Bond Trading on Nasdaq Stockholm
Scandic Hotels Group has published a prospectus and intends to apply for its convertible bonds, issued in March 2021, to be admitted to trading on Nasdaq Stockholm. Trading is expected to commence shortly.
Scandic Hotels Group has successfully completed an offering of convertible bonds, raising approximately SEK 1,609 million in gross proceeds earlier in 2021. The company has now prepared a Swedish prospectus, which was approved and registered by the Swedish Financial Supervisory Authority on September 21, 2021, in line with its intention to seek admission to trading.
The company intends to apply for the convertible bonds to be admitted to trading on Nasdaq Stockholm. The first day of trading is expected to be on or around September 28, 2021. The approved prospectus is available on Scandic's corporate website.
These bonds were initially issued in March 2021 to strengthen the company's financial position. Scandic, which operates over 280 hotels across the Nordic region, is the largest hotel company in the area.
The company continues to focus on sustainability and accessibility through its "Design for All" concept. Scandic Hotels Group was originally listed on Nasdaq Stockholm in 2015 and is a prominent player in the Nordic hospitality sector.