Hoist Finance
Hoist Finance has successfully issued bonds at a spread of 3.25%
Hoist Finance AB, ("Hoist Finance"), has successfully issued subsequent bonds in a nominal amount of SEK 250 million under its senior unsecured bond due 12 April 2027. The bonds were issued at a price corresponding to a spread of STIBOR 3m +325 bps.
“The implied spread of 325 bps corresponds to an improvement of 50 bps since the initial bond issue in January 2024 and is a strong testimony of continued trust from our existing investor base”, 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 more information, please contact:
Christian Wallentin, CFO and 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 | 2024-03-20, kl 07:00 |
Källa | Cision |