Sinch issues bonds of 500 MSEK

BY PR Newswire | CORPORATE | 09/13/24 08:52 AM EDT

STOCKHOLM, Sept. 13, 2024 /PRNewswire/ -- Sinch AB (publ), which is pioneering the way the world communicates through its Customer Communications Cloud, has as of 12 September successfully issued senior unsecured bonds of SEK 500 million within the framework of the company's MTN program. The bond has a tenor of 3 years and a floating interest rate of 3-month STIBOR plus 175 bps.

The transaction generated significant interest among investors and was heavily oversubscribed with final orders amounting to double the issue size.

The proceeds from the issuance will be used to refinance part of the company's outstanding bond debt and settlement is expected on September 24th, 2024.

Danske Bank, Handelsbanken, and SEB acted as Joint Bookrunners for the issuance.

For further information, please contact

Ola Elmeland
Investor Relations Director
Mobile: ?+46 721 43 34 59
E-mail: ?investors@sinch.com

About?Sinch

Sinch is pioneering the way the world communicates. More than 150,000 businesses ? including many of the world's largest tech companies ? rely on Sinch's Customer Communications Cloud to improve customer experience through mobile messaging, voice and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in Stockholm, Sweden, with shares traded at NASDAQ Stockholm: XSTO: SINCH. Learn more at sinch.com.

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SOURCE Sinch AB

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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