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Smart Eye Successfully Issues Senior Unsecured Bonds of SEK 300,000,000
Accessnewswire· 2025-12-11 17:00
Core Viewpoint - Smart Eye Aktiebolag has successfully issued senior unsecured bonds amounting to SEK 300,000,000, which will enhance its financial position and support its growth strategy [1][3]. Group 1: Bond Issuance Details - The bonds have a nominal amount of SEK 300,000,000 under a framework of SEK 600,000,000 and a tenor of three years [1]. - The bonds will carry a floating interest rate of 3M STIBOR plus 7 percent per annum, with settlement scheduled for December 18, 2025 [2]. - Proceeds from the bond issuance will be utilized to refinance existing debt and finance general corporate purposes, including transaction costs and acquisitions [2]. Group 2: Market Response and Future Plans - The bond issuance attracted strong interest from a diverse range of Nordic and European investors, resulting in significant oversubscription [3]. - The company plans to list the bonds on the corporate bond list of Nasdaq Stockholm within 12 months and aims for trading on Nasdaq Transfer Market within 30 days from the issue date [3]. Group 3: Company Overview - Smart Eye is a leading provider of Human Insight AI technology, focusing on understanding and predicting human behavior in complex environments [5]. - The company offers driver monitoring systems and interior sensing solutions aimed at improving road safety and enhancing mobility experiences [6]. - Smart Eye has a diverse client base, including major organizations such as NASA, Nissan, and Volvo, and serves over 1,300 research institutions globally [7].