SIBS AB Initiates Bond Write-Down Process
SIBS AB (publ) has begun the process to implement a contemplated write-down of its bonds. The write-down is expected to be completed by late October.
SIBS AB (publ) has initiated the process to implement a planned write-down of its senior secured floating rate bonds, identified by ISIN SE0023112487.
The move follows a previous announcement on October 9, 2026, where conditions for a written procedure concerning these bonds were met. SIBS has now engaged with Euroclear Nordics AB to proceed with the execution of the write-down.
The company anticipates that the write-down of the bonds will be completed on or around October 27, 2026. Specific details regarding the reasons for the write-down or its exact scale were not provided in the announcement.
This action represents a significant adjustment to the company's debt structure and is expected to be closely monitored by investors.