Qred issues 100 MEUR bond
Qred, the market leading SME lender in Northern Europe, has announced the issuance of a corporate bond, in order to expand its operation in existing and new markets, and continue its growth trajectory. Investors in the bond include institutional investors such as banks, insurance companies and credit funds.
Qred AB (publ) has issued a bond of 3-year maturity of EUR 100 million, of which EUR 40 million will be released directly. The security shall be listed on the Nasdaq Nordic exchange.
”We are pleased to have received significant interest from leading institutions – it’s a stamp of approval on Qred’s sustainable and scalable business model. Small enterprises have been long overlooked by traditional banks, and these business owners deserve better treatment. Qred is already one of Sweden’s fastest growing companies. Now we can speed things up even more,” says Qred CEO Emil Sunvisson.
Karin JihdePress OfficerTel:+firstname.lastname@example.org
About Qred Holding AB (publ) eng
Qred helps small companies grow by providing fair and accessible financing. Launched in Sweden in 2015, Qred has expanded to Finland, Denmark and the Netherlands, offering entrepreneurs loans for investments and working capital. An automated and fully digital process keeps costs and credit losses low, while simultaneously giving customers the user experience they deserve and expect. Qred was created for entrepreneurs, by entrepreneurs, and is helping redefine small business financing in northern Europe.
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Latest releases from Qred Holding AB (publ) eng
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Sweden's fastest growing fintech company releases quarterly report30.11.2020 12:15:00 CET | Press release
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Qred receives license to provide payment services25.11.2020 09:45:00 CET | Pressmeddelande
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Qred sets sail on ambitious expansion plan8.10.2020 09:00:00 CEST | Press release
Sweden’s fastest growing fintech company, Qred, sets sail on an ambitious expansion plan by launching their platform in Belgium. This is the first step in their plan to more than double the number of active markets.
Qred increases income by 90 % first quarter 202028.5.2020 14:30:00 CEST | Press release
Qred’s growth in the first quarter of 2020 continued at a rapid pace, despite the difficult developments in the local and global economies. In early March, Qred was named Sweden’s fastest growing company and placed 8th in Europe, alongside global heavyweights, when the Financial Times published their annual list of Europe’s 1000 fastest growing companies. From mid-March, the situation in the market changed significantly as a result of the pandemic caused by the outbreak of the coronavirus. Qred’s business model is well suited to handle such downturns in the economy without large disruptions to our business. “We have been able to mitigate many of the effects caused by the corona virus thanks to our digitalized processes and cloud-based business model. In addition, we have a balanced customer base that extends across many industries, which spreads the risk further, “says Andrea Romander at Qred. The pandemic has however created uncertainty in the general economy going forward. The compan
Qred Holding AB publishes bond prospectus and applies for listing of its bonds on Nasdaq Stockholm17.4.2020 14:00:00 CEST | Press release
Qred Holding AB (publ) (the “Company”) has issued a senior secured bond loan of EUR 40,000,000 on 17 June 2019, within a total framework amount of EUR 100,000,000, on the Swedish bond market. The bonds carry a floating interest rate and mature on 17 June 2022. The Company will apply for listing of the bonds on the Corporate Bond list at Nasdaq Stockholm during May 2020 and the bonds are planned to be admitted to trading at Nasdaq Stockholm during May or early June 2020. In connection with this, the Company has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority in accordance with the Regulation (EU) 2017/1129 of 14 June 2017 of the European Parliament and of the Council. The prospectus will be available on the Financial Supervisory Authority’s website (www.fi.se) and on the Company’s website (wp.qred.com/se/bond-information). For further information, please contact: Andrea Gyllencreutz Romander, Head of Communicat
Qred repurchases bonds to strengthen equity27.3.2020 16:30:00 CET | Press release
Qred Holding AB (publ) (the “Company”) has repurchased bonds with a nominal value of EUR 7,300,000. The repurchases concern the Company’s senior secured bonds with a nominal outstanding amount of EUR 40,000,000 (ISIN: SE001250726). The bonds have a floating rate corresponding to EURIBOR 3m plus 8.5 percent and are due in June 2022. The average purchase price corresponds to 75.75 percent of the nominal value of the bonds. Following the purchases, the Company’s holding amounts to a nominal amount of EUR 7,300,000.
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