Hoist Finance AB (publ) (Baa3/neg outlook) has issued three senior unsecured bonds for a total amount of SEK 1,000m.
- The first bond amounts to SEK 250m and has a tenor of 2.0 years and a floating rate interest of STIBOR 3m + 450 bps.
- The second bond amounts to SEK 250m, has a tenor of 2.0 years and a fixed rate interest of 8.250%.
- The last bond amounts to SEK 500m and has a tenor of 3.0 years and a floating rate interest of STIBOR 3m + 500 bps.
The proceeds will be used for general corporate purposes. These new issues are a re-entry to the SEK bond market for Hoist Finance. The instrument will be listed on the Irish Stock Exchange plc’s Regulated Market regulated by Euronext Dublin. The bonds are expected to be rated Baa3 by Moody’s.
Source: Hoist Finance