Mandate

Vinge advises Borgo in connection with the establishment of its MTN and covered bond programme and its inaugural issuance of MTNs

February 03, 2022 Banking and Finance

Vinge has advised Borgo AB (publ) (“Borgo”) in connection with the establishment of its SEK 50 billion MTN and covered bond programme (the “Programme”) and its inaugural issuance of SEK 1,75 billion MTNs (the “MTNs”).

The covered bonds issued under the Programme will be secured by underlying Swedish mortgage loans in accordance with the Swedish Covered Bonds Act. The MTNs carry an interest rate of STIBOR 3M + 0,90% and are intended to be listed on the corporate bond list of Nasdaq Stockholm. The Programme also caters for future issuances of green medium term notes, at the discretion of Borgo.

Borgo is a new independent mortgage lending company co-owned by ICA Banken, Ikano Bank, Söderberg & Partners and Ålandsbanken. Additional investors and Sparbanken Syd have committed to invest in Borgo. Borgo focuses on financing and offering mortgages to Swedish consumers.

Vinge’s team mainly consisted of Mikael Ståhl, Lionardo Ojeda, Axel Jansson and Felix Möller.

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