Hoist Kredit AB (publ) (Ba1 / stable), ("Hoist") a fully-owned subsidiary of
Hoist Finance AB (publ), today announces that it has issued notes to a nominal
value of EUR [50] million.
The Re-offer yield for the bond is 1.71 per cent per year until maturity in
December 2019. The issue is a tap of the existing bond loan with ISIN
XS1424841374 under the established EMTN programme. After this transaction, the
total volume outstanding in the notes amount to EUR 300 million.
“Continued strong interest from investors coupled with favourable market
conditions resulted in a record low coupon of 1.71%. Hoist has thus established
a new level for future issues. The issue had good international distribution and
was oversubscribed by almost 2 times. To us, this is a receipt that investors
have a strong belief in Hoist Finance and our long-term commitment to the
capital markets”, says Magnus Linnersand, Group Head of Treasury.
Danske Bank and Nordea have acted as financial advisers in relation to the tap
issue.
For further information, please contact:
Magnus Linnersand, Group Head of Treasury
Telefon: +46 (0)8 555 177 72
Michel Jonson, Group Head of Investor Relations
Telefon: +46 (0)8 555 177 19
This information is information that Hoist Kredit AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
15:50 CET on 2016-09-16.
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
accounts.
Hoist Finance issues EUR 50 million under the EMTN programme
| Source: Hoist Finance AB