Hoist Finance has successfully issued bonds at a margin of 3.75%

Hoist Finance AB (publ), ("Hoist Finance"), has successfully issued SEK senior unsecured bonds with a tenor of 3.25 years and with a floating interest rate of STIBOR 3m + 375 bps. The issue volume amounted to SEK 200 million.

“The margin of 375 bps for a 3.25 year tenor is a strong improvement compared to the SEK bond issues of 500 bps for 3.0 year tenors during 2023 when we re-entered the SEK bond market. We see this as a strong testimony of solid investor trust as well as a result of Moody's Investors Service affirming Hoist Finance Baa3 rating with the outlook changed to positive from negative in November 2023 ", says Harry Vranjes CEO of Hoist Finance.

The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market Irish Stock Exchange plc, known as Euronext Dublin. The bonds are expected to be rated Baa3 by Moody’s.

For further information please contact:

Sofia Buhlin, Interim Chief Communications Officer
sofia.buhlin@hoistfinance.com
+46 708 98 24 29
 

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.