Ingrid Capacity AB (publ) (“Ingrid”) has issued senior secured bonds (the “Bonds” and the “Bond Issue”, respectively) of SEK 400 million with a tenor of three years, within a framework of SEK 1,000 million. The Bonds will carry a floating interest of STIBOR 3m plus 660 basis points per annum with ISIN: SE0028450619. The transaction gathered strong interest from a broad base of Nordic and international institutional investor base, with demand exceeding the bond size.
The settlement date of the Bond Issue is expected to occur on 7 May 2026. The Bonds will be listed on Nasdaq Stockholm or another regulated market within 12 months.
The net proceeds from the issue will be used to refinance existing debt and for investments in the operations, including the development of new battery systems. These initiatives strengthen Ingrid’s position as a Nordic leader in system-critical energy infrastructure and supports the company’s continued growth journey across Europe.
“This bond issue marks a milestone for Ingrid and is in line with our strategy of long-term diversified financing. We are proud to establish ourselves in the capital markets and to welcome a new group of institutional investors on our successful journey. This gives us increased opportunities to accelerate the development of the future European energy infrastructure, with a more intelligent grid at its core. Through our battery systems and software solutions Ingrid provides flexibility on an increasingly large scale, improves efficiency in the energy system, and enables affordable and reliable electricity supply”, says Axel Holmberg, CEO of Ingrid.
DNB Carnegie Investment Bank AB (publ) and Skandinaviska Enskilda Banken AB (publ) acted as joint bookrunners in connection with the Bond Issue. Vinge acted as legal advisor to Ingrid and Mannheimer Swartling acted as legal advisor to the joint bookrunners.
