Press release -
Placement of a bond issue for Blåfjell AS successfully completed in less than one hour
Issue amount: NOK 25 M
Fixed interest rate: 13 % p.a.
Maturity: 36 months
The NOK 25 M bond issue for Blåfjell AS has been successfully completed in less than one hour. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in November 2020, bears a fixed coupon of 13 per cent p.a. (paid quarterly). The bond is secured through share pledge over all shares in Issuer, parent company guarantee, floating charge over all current and future assets of the Issuer including inventory and security over the interest retention account.
The transaction proceeds will be used for construction financing, working capital, debt repayments, general corporate purposes, interest retention 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.
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, Singapore and Abu Dhabi.
