Press release -
Placement of a bond issue for Oskar Group successfully completed
Issue amount: DKK 44 M
Fixed interest rate: 11 % p.a.
Maturity: 36 months
The DKK 44 M bond issue for Oskar Group, through the subsidiary Oskar Office ApS, has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.
The bond, maturing in February 2021, bears a fixed coupon of 11 per cent p.a. with quarterly interest payments. The bond is secured through 1st priority pledge over 100 % of shares (current and future) in the Issuer, 1st priority security over the property, the guarantee agreement with Oskar Group ApS and 1st priority pledge over the interest retention account.
The transaction proceeds from the bond issue will be used for property acquisition, 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 Euroclear Sweden (SEK) and VPS Norway (NOK and EUR 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.
