Issue Nominal Amount: SEK 250 Million
Fixed Interest Rate Coupon: 10.50%
Maturity: 20 May 2020
The bond issue for TryggHem Projekt 1 AB has been successfully placed. The bond offer had a total nominal amount of SEK 250 million divided into two tranches. The first tranche with a volume of SEK 150 million was successfully placed in August 2016 and the second tranche with a volume of SEK 100 million was successfully placed on the 8th of November 2016. The bonds have a fixed interest rate of 10.50 % p.a. with quarterly coupon payments and the intention is to list the bonds on Nasdaq First North Bond Market.
The bond issue is secured through a guarantee from the parent company of the issuer as well as with share pledges. The proceeds from the second tranche will be used for property acquisitions, project developments and payment of transaction costs.
JOOL Capital Partner AB acted as arranger of the bond and marketed the offer which was oversubscribed. Roschier Advokatbyrå AB was appointed as legal adviser, Mangold Fondkommission was appointed as issuing agent and Intertrust Sweden AB is acting as bond trustee.
JOOL Capital Partner AB structures financial products, focusing mainly on corporate bonds and fixed income investments. Headquartered in Gothenburg, Sweden, we are also represented in Stockholm, Oslo, Bergen, Singapore and Abu Dhabi. JOOL is a market leader in the Nordic corporate bond market within the SEK 30–200 million segment. We are a wholesale distributor of alternative investment products with over 150 partners world wide and we are catering global distribution platforms, such as Institutions, Private Banks, IFA's and Family Offices. Through the JOOL Markets AS subsidiary, JOOL is authorized by the Norwegian Financial Service Authority to carry out a broad range of investment services and associated activities in Norway, Sweden, Denmark, Finland and Germany.