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Placement of a bond issue for BioFish Holding AS successfully completed

Press Release   •   Apr 05, 2018 17:16 CEST

Issue amount: 50 MNOK

Fixed interest rate: 11 % p.a.

Maturity: 36 months

The 50 MNOK bond issue for BioFish Holding AS has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond, maturing in April 2021, bears fixed coupon of 11 per cent p.a. with quarterly interest payments. The bond is secured through share pledge over all current and future shares in BioFish AS, floating charge over all current and future assets of the Issuer and Operating Company, pledge over the Intercompany Loan and security over the Interest Retention Account.

The proceeds from the bond issue will be used for development of new RAS-facility, general corporate purposes, interest retention account and transaction costs.

Grette law firm acted as legal advisors and Intertrust (Norway) AS as bond trustee. The bonds will be registered through VPS Norway (NOK) and Euroclear Sweden (SEK).

JOOL is an international investment bank focusing on corporate bonds and other high yield investments. With the power of global distribution and over 150 partners worldwide, JOOL is the market leader in Nordic SEK 30–200 m corporate bonds. Headquartered in Gothenburg, Sweden, JOOL also has offices in Oslo, Stockholm, Bergen, Helsinki and Singapore.