Press release -
Placement of a bond issue for Grundingen Fastighets AB (publ) successfully completed
Issue amount: SEK 100 M
Fixed interest rate: 6 % p.a.
Maturity: 48 months (with a 6-month extension option)
The SEK 100 M bond issue for Grundingen Fastighets AB (publ) has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in October 2021, bears a fixed coupon of 6 per cent p.a. (paid quarterly). The bond is secured through share pledge over all issued shares in Grundingen Holding AB.
The transaction proceeds will be used for repayment of loans, general corporate purposes 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 and the VPS system.
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.
