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M.O.B.A. Network announces additional repurchase of corporate bonds, now holding 20% of total outstanding bonds
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Description
| Country | Sweden |
|---|---|
| List | First North Stockholm |
| Sector | Information technology |
| Industry | Communication |
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Stockholm – M.O.B.A. Network AB, a global leader in gaming communities and digital products, is pleased to announce the successful repurchase of an additional EUR 1.1 million of its corporate bonds listed on Nasdaq Stockholm. The bonds were repurchased at 94.25% of their nominal value, further reinforcing the company’s dedication to improving its financial structure and reducing debt.
This latest repurchase brings M.O.B.A. Network’s total holdings to 20% of the entire outstanding bond loan (2023/2026) of EUR 25 million (ISIN SE0020050540), representing EUR 5 million in nominal value. The company’s strategic move to acquire bonds at a discount demonstrates its strong commitment to optimizing the balance sheet and driving long-term financial stability.
“We are focused on reducing our debt and actively strengthening our balance sheet,” said Anders Ribbing, CEO of M.O.B.A. Network. “With each bond repurchase, we lower our interest burden and enhance our financial flexibility. Holding 20% of the bond loan not only reduces our future liabilities but also reflects our confidence in the company’s growth trajectory. We will continue to assess opportunities to strategically manage our capital and deliver value for shareholders.”
For further information about the bond and M.O.B.A. Network, please visit our corporate website at www.wearemoba.com.