Stockholm, 2016-06-02 15:10 CEST (GLOBE NEWSWIRE) --
Vostok New Ventures Ltd’s (“Vostok New Ventures” or “the Company”) today announces it has successfully placed three-year senior secured bonds in the amount of SEK 300 million. The bonds, maturing in June 2019, will bear a fixed coupon of 6.50% with quarterly interest payments. Vostok New Ventures aims to list the bonds on Nasdaq Stockholm. The bond issue is subject to the Company providing customary documentation to Euroclear Sweden.
Vostok New Ventures’ Managing Director Per Brilioth comments:
“The bond issue will be used to refinance our current short-term credit facility and will allow us to remain flexible around our deal flow and liquidity management operations. We expect the interest received from our high yielding debt investments will cover the interest payments on the bonds.”
Pareto Securites AB acted as financial advisor to Vostok New Ventures in connection with the bond issue.
Per Brilioth
Managing Director
For further information please contact:
Björn von Sivers, Head of Investor Relations, Tel +46 8 545 015 50
Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com.
