Hoist Finance issues EUR 40 million Additional Tier 1 capital
Hoist Finance AB (publ) (Baa3/stable), ("Hoist Finance"), today announces that it has issued Additional Tier 1 capital to further optimise its capital structure.
The instrument is perpetual with a non-call period of 5.00 years with a fixed coupon of 7.750 per cent. The instrument will be listed on the Global Exchange Market regulated by Euronext Dublin.
“We are very pleased with the terms for the new issue, which were underpinned by demand substantially exceeding the issued amount” says Mathias Zetterqvist, Head of Treasury.
Citi and Nordea acted as joint bookrunners on the transaction.
For further information, please contact:
Mathias Zetterqvist, Head of Treasury
+46 (0) 8 555 177 72
Andreas Lindblom, Head of Investor Relations
+46 (0) 72 506 14 22
About Hoist Finance
Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With over 1600 dedicated colleagues, smart digital solutions and a deep understanding of individual financial circumstances, we help over six million customers keep their commitments. This is achieved by agreeing on sustainable repayment plans so that everyone is included within the financial ecosystem. Hoist Finance has a diverse portfolio of asset classes and our online savings platform in Sweden and Germany enables our unique funding model. Hoist Finance was founded in 1994 and is today a public company listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.