Enity taps bond market for US$18.1M and US$24.2M

What's the deal? Specialist lender Enity Holding ABDealroom has a profile for this one. Try Dealroom → has completed two tap issues of unsecured bonds, raising US$24.2M and US$18.1M. The company disclosed the transactions in two press releases.

The details: After the tap, the Norwegian bond totals US$96.7M with a coupon of three-month Nibor plus 0.90 percentage points and matures September 15, 2028. The Swedish bond rises to US$120.9M, carries three-month Stibor plus 0.95 percentage points, and matures June 4, 2029.

Why now? Tap issues let Enity add to existing bonds rather than launch new ones, giving it fresh funding on established terms. Following the transactions, outstanding volume under Enity's MTN programme totals US$314.3M and US$96.7M.

The signal: The raise marks a step-up over Enity's previous financing, underscoring the lender's growing reliance on debt markets to fund its business across the Nordics.

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