Press release -
Placement of a bond issue for Cimco Marine AB (publ) successfully completed
Issue amount: SEK 80 M
Fixed interest rate: 10,75 % p.a.
Maturity: 36 months
The SEK 80 M bond issue for the Nasdaq First North Stockholm listed company Cimco Marine AB (publ) has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in February 2021, bears a fixed coupon of 10,75 per cent p.a. with quarterly interest payments. The bond is secured through business mortgage certificates amounting to SEK 80m.
The transaction proceeds from the bond issue will be used as working capital for production ramp up as well as debt refinancing and transaction costs.
Roschier law firm acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The bonds will be registered through Euroclear Sweden (SEK and EUR bonds) and VPS Norway (NOK bonds).
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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.
