Anoto offers SEK 45 million two-year convertible bonds with 0% coupon

By Stephanie N. Rotondo

Seattle, Dec. 2 – Anoto Group AB is looking to raise up to SEK 45 million via an offering of senior unsecured convertible bonds due Dec. 5, 2018, the company said in a press release.

About SEK 42 million has already been committed.

The convertibles are expected to have a 0% coupon with an initial conversion price of SEK 0.135.

Pricing is expected Dec. 5. The company is facilitating the deal without an investment bank or broker.

Bonds are redeemable at par.

Proceeds will be used to support future business operations.

Anoto is a Lund, Sweden-based technology company that develops and licenses digital pens.

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