FINANCING
Our different securities
Over the years, Catena Media has issued several different types of securities to finance the group’s operations. Alongside ordinary shares, issued instruments have included bonds and hybrid capital securities.
Current balances can be found in the interim reports in the “Other” section under “Funding”.
Bond issue 2021/2024
In 2021, Catena Media issued senior unsecured floating-rate bonds with a nominal value of EUR 55 million under a framework of EUR 100 million. The bonds had a floating rate coupon of 3-month Euribor plus 6 percent, with 3-month Euribor being subject to a floor of 0 percent.
In Q1 2024, a part-repayment of half of the nominal amount of the bond was made. As a result, the total outstanding nominal amount of the bond was EUR 27.5 million (55.0), of which Catena Media held EUR 6.15 million (12.3) on 29 February 2024. The maturity date was extended to 9 June 2025.
In June 2025, the senior bonds were fully redeemed. Catena Media has no outstanding bond obligations.
Hybrid capital securities (CATME HO1)
Hybrid capital securities are subordinated, perpetual capital securities issued on 10 July 2020. They are treated as equity under IFRS. Each security has a nominal value of SEK 100 and a variable coupon of 3-month STIBOR plus a margin, initially 8 percent per annum. As the securities were not redeemed at the first call date in July 2025, the margin increased to 11 percent and increases by a further 100 basis points each year. Since 10 July 2026, the margin is 12 percent. Interest payments have been deferred since 2025.