Acroud applies to list bonds on Nasdaq Stockholm

By Robert Fletcher

Affiliate marketing group Acroud has applied for admission to begin trading its bonds on the corporate bond list at Nasdaq Stockholm.

Acroud in July this year issued senior secured bonds that in total amounted to SEK225m (£17.8m/€21.1m/$20.9m) and is now seeking to begin trading these bonds.

If permission is granted, Acroud will begin trading on Nasdaq Stockholm from today (23 August).

The application comes after Acroud in June said that it was considering a potential accretive acquisition within the affiliation and media space worth €5.5m.

Acroud did not disclose details regarding the identity of the property it could purchase but did state that the acquisition comprises affiliation assets within the igaming market.

The group added that the acquisition would contribute over €9.0m to its annual revenue and more than €4.0m to its earnings before interest, tax, depreciation and amortisation (EBTIDA).

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