Hoist Finance
Hoist Finance has successfully issued bonds at a spread of 2.80%
Hoist Finance AB, ("Hoist Finance"), has successfully issued subsequent bonds in a nominal amount of SEK 100 million under its senior unsecured bond due 12 April 2027, bringing the total size of the bond to SEK 550 million. The bonds were issued at a price corresponding to a spread of STIBOR 3m +280 bps, marking a further improvement on the terms of the original issue.
"We are very pleased to have completed the tap issue at strong terms, emphasizing our market access and commitment to investors. We are thankful for our investors' support in Hoist Finance's journey to becoming the leading investor in and manager of non-performing loans in Europe", says Harry Vranjes, CEO of Hoist Finance
The proceeds from the subsequent bond issue will be used for general corporate purposes. The instruments will be merged with the senior unsecured bond due 12 April 2027 (ISIN: XS2746114136), which is listed on the regulated market of Irish Stock Exchange plc, known as Euronext Dublin. The listed bonds are rated Baa3 by Moody's.
For further information please contact:
Christian Wallentin, CFO och deputy CEO
ir@hoistfinance.com
+46 8 55 51 77 90
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.
Datum | 2024-05-13, kl 17:53 |
Källa | Cision |