Issue amount: SEK 100m
Interest rate: 14 % p.a.
Maturity: 18 months (-9/+6 months)
The SEK 100m bond issue for Hancap AB (publ) has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.
The bond bears fixed coupon of 14 % p.a. with quarterly interest payments. The net proceeds will be used to finance general corporate purposes.
The bond issue is secured with:
- 1st priority pledge over all shares in subsidiaries
- 1st priority pledge over the certain intra group loans
- Guarantees from subsidiaries
- Guarantee for SEK 50m from Per Helander (main owner)
Roschier Advokatbyrå AB acted as legal advisor and Intertrust (Sweden) AB as bond trustee. The bonds will be registered through VPS and Euroclear Sweden.
JOOL Markets is an independent Nordic investment bank with a leading position in corporate bonds and fixed income instruments within NOK 30-200 million. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.
JOOL Markets was established in 2015 and is a part of the JOOL Group.