Press release -
Placement of a bond issue for Filago Prosjekt Holding 1 AS successfully completed
Issue amount: NOK 140 M
Fixed interest rate: 12 % p.a.
Maturity: 24 months (with a 6-month extension option)
The NOK 140 M bond issue for Filago AS, through the subsidiary Filago Prosjekt Holding 1 AS, has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in September 2019, bears a fixed coupon of 12 per cent p.a. (paid quarterly). The bond is secured through mortgage over the properties, 100% share pledge in the Issuer and the Property companies, Parent company guarantee and security over interest retention accounts and development funds.
The transaction proceeds will be used for acquisition of property, property development, 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 the VPS system.
JOOL is an international investment firm 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.
