Hoist Finance successfully issues SEK 750 million senior preferred bonds

Hoist Finance AB (publ) is pleased to announce the successful issuance of SEK 750 million of senior preferred bonds with a 4-year tenor. The bonds were issued under Hoist Finance’s EMTN program and were priced at 3-months STIBOR +178 basis points. The issuance follows a book building process that gathered combined demand of approximately SEK 2 billion. 

“We are delighted to see that so many bond investors, new ones as well as names we know well from before, want to support us on our continued growth journey. This is the first issuance we do since Moody’s upgraded our rating and we see yet again how we continue to reduce our funding costs”, says Harry Vranjes, CEO of Hoist Finance.

The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market Irish Stock Exchange plc (Euronext Dublin). The bonds are expected to be rated Baa2 by Moody's.

For more information, please contact:

Karin Tyche, Chief Investor Relations and Communications Officer

[email protected]
+46 76 780 97 65

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 11 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.