Hoist Finance issues SEK 300m AT1 capital
Idag, 16:45
Hoist Finance AB (publ) (Baa2/positive outlook) has successfully issued SEK 300 million Additional Tier 1 (AT1) capital to further optimise its capital structure and create room for a continued high investment pace. The instrument is perpetual with a 3-months optional redemption period commencing after five years, and a floating coupon of STIBOR 3 months + 375 bps.
“We are delighted to see continued strong investor interest in our AT1 issuances, enabling us to close this transaction at attractive market terms. This issuance will further strengthen our capital structure as we progress on our growth journey”, says Harry Vranjes, CEO of Hoist Finance.
The instrument will be listed on Nasdaq Stockholm. The prospectus will be published on Hoist Finance’s website when available.
For more information, please contact:
Karin Tyche, Chief Investor Relations Officer
ir@hoistfinance.com
+46 76 780 97 65
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 30 years, we have invested in and managed debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring their non-performing loan portfolios. We are also a partner to consumers and smaller companies in a debt situation, creating long-term sustainable repayment plans enabling them to honour their commitments. We are a regulated credit market company under the supervision of the SFSA, present in 14 European countries. Our share is listed on Nasdaq Stockholm. For more information, visit www.hoistfinance.com.
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Hoist Finance issues SEK 300m AT1 capital
Idag, 16:45
Hoist Finance AB (publ) (Baa2/positive outlook) has successfully issued SEK 300 million Additional Tier 1 (AT1) capital to further optimise its capital structure and create room for a continued high investment pace. The instrument is perpetual with a 3-months optional redemption period commencing after five years, and a floating coupon of STIBOR 3 months + 375 bps.
“We are delighted to see continued strong investor interest in our AT1 issuances, enabling us to close this transaction at attractive market terms. This issuance will further strengthen our capital structure as we progress on our growth journey”, says Harry Vranjes, CEO of Hoist Finance.
The instrument will be listed on Nasdaq Stockholm. The prospectus will be published on Hoist Finance’s website when available.
For more information, please contact:
Karin Tyche, Chief Investor Relations Officer
ir@hoistfinance.com
+46 76 780 97 65
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 30 years, we have invested in and managed debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring their non-performing loan portfolios. We are also a partner to consumers and smaller companies in a debt situation, creating long-term sustainable repayment plans enabling them to honour their commitments. We are a regulated credit market company under the supervision of the SFSA, present in 14 European countries. Our share is listed on Nasdaq Stockholm. For more information, visit www.hoistfinance.com.
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