Hoist Kredit AB (publ) acquires EUR 10m of the outstanding EUR 100m 2017 notes
Hoist Kredit AB (publ) (the “Issuer”), a fully-owned subsidiary of Hoist Finance AB (publ), has acquired EUR 10m of the EUR denominated bonds with ISIN SE0006287827, issued by the Issuer on October 2, 2014 and maturing on October 2, 2017 (the “EUR Bonds”). Following this transaction, the Issuer holds a total of EUR 10m of the EUR Bonds.
“The recent market sentiment, together with Hoist’s long term commitment to capital markets, has provided conditions for Hoist to opportunistically acquire a portion of the outstanding EUR Bonds. In doing this transaction Hoist also supports the secondary market trading in the Hoist bonds. Hoist still maintains a high level of liquidity which facilitates for Hoist to act whenever there are attractive opportunities. Hoist will continue to evaluate capital markets opportunities, including further issuance of EUR denominated notes. For this purpose Hoist has started to evaluate the possibility of acquiring official rating(s), in order to be ready if and when the markets can offer attractive terms, says Magnus Linnersand, Group Head of Treasury.”
For further information please contact :
Magnus Linnersand, Group Head of Treasury
Telephone: +46 (0)8 555 177 72
About Hoist Finance
Hoist Finance is a leading debt restructuring partner to international banks and financial institutions, offering a broad spectrum of advanced solutions for acquisition and management of non-performing unsecured consumer loans. Hoist Finance operates through eleven in-house collection centers across Europe, complemented by local external debt servicing partners. The total carrying value of Hoist Finance’s acquired loans was approximately SEK 11.3 billion as per 31 December 2015. The parent company Hoist Finance AB (publ) is listed on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated “Credit Market Company” under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). In Sweden, the company offers internet-based savings deposit services through HoistSpar, with around 85,000 active accounts.