Hoist Finance has successfully issued bonds at a spread of 1,95%
PRESS RELEASE |
Stockholm 21 August 2024 |
Hoist Finance AB (Hoist Finance) has successfully issued subsequent bonds to a nominal amount of SEK 200 million under its senior unsecured bond due 12 April 2027, bringing the total size of this bond to SEK 750 million. The bonds were issued at a price corresponding to a spread of STIBOR 3m+195 bps, marking yet another improvement to the terms of the original issue.
"We are pleased to have completed this tap issue at such strong terms, showing great support from debt investors. Hoist Finance is on a journey to become the leading asset manager of secured and unsecured NPLs for consumers and SMEs in Europe and this issue takes us yet another step forward", says Harry Vranjes, CEO of Hoist Finance.
The proceeds from the subsequent bond issue will be used for general corporate purposes. The instrument will be merged with the senior unsecured bond due 12 April 2027 (ISIN: XS2746114136), which is listed on the regulated market Irish Stock Exchange plc, known as Euronext Dublin. The listed bonds are rated Baa3 by Moody's Ratings.
For more information, please contact:
Karin Tyche, Chief Investor Relations and Communications Officer
ir@hoistfinance.com
+46 76 780 97 65
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.