Voi has successfully issued subsequent bonds of EUR 40 million
Prenumeration
Voi Technology AB (publ) ("Voi" or the “Company”) has today, following a bookbuilding process, successfully issued subsequent floating rate senior secured bonds of EUR 40 million (the “Bonds”) under its outstanding EUR-denominated senior secured bond framework of maximum EUR 125,000,000 (ISIN: SE0023134952). Following the issuance of the Bonds, the outstanding aggregate principal amount under the framework will be EUR 90 million. The Company intends to use the net proceeds from the Bonds to expand its e-scooter and e-bike fleet in 2026, and for general corporate purposes. This financing will enable Voi to build on its strong tender track record, accelerate its growing e-bike presence, and capture the many opportunities ahead as it continues to strengthen its leadership position in Europe.
The Bonds were placed above par at a price of 104.75% of the nominal amount, corresponding to a spread of 500 basis points until maturity given that the Bonds carry a floating interest rate of 3-months EURIBOR plus 675 basis points per annum. The issue attracted strong demand from Nordic and European institutional investors and was significantly oversubscribed.
Mathias Hermansson, CFO and deputy CEO of Voi, said:
“We have executed well on the back of the proceeds from the inaugural bond issue almost a year ago and we are now active in the debt capital markets as a proven borrower. We thank our current bond investor base for the continued trust in the company and for the constructive dialogue we have had. We also welcome our new investors to the Voi family and thank them for the trust in our ability to execute our plans”.
Fredrik Hjelm, co-founder and CEO of Voi, said:
“Securing this bond financing comes at a pivotal moment in Europe’s green transition. Cities are increasingly moving away from private car use, and we are proud to be in a uniquely strong position to support them in building scalable, sustainable transport systems. With our growing fleet of shared e-scooters and e-bikes, and a proven track record of winning public procurements, we are ready to help more people make the shift to shared, clean transport - and to play a leading role in shaping the future of urban mobility across Europe”.
Settlement of the issuance of the Bonds is expected to be on or about 17 October 2025. Voi intends to apply for admission to trading of the Bonds on the corporate bond list at Nasdaq Stockholm.
DNB Carnegie Investment Bank acted as sole bookrunner and financial advisor to Voi, with Gernandt & Danielsson Advokatbyrå acting as legal advisor.