Hoist Finance has successfully issued Tier 2 subordinated bonds for a total amount of SEK 300 million
Hoist Finance AB (Baa3/pos), ("Hoist Finance") today successfully issued new Tier 2 subordinated bonds in a total amount of SEK 300m. The new issue attracted a broad and diversified investor base supporting a final interest rate to be set at STIBOR 3m + 625 basis points. The Tier 2 subordinated bonds have a 10.25 year maturity with the first call date falling on 22 February 2029. The new issue is part of Hoist Finance’s wholesale funding plan and will support capital buffers to accommodate further growth of the business, as well as rating metrics. The new instruments will be