Press release -
Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed
Issue amount: 100 MSEK
Interest rate: 9 % p.a.
Maturity date: 25th January 2023
Product: Green Corporate Bonds
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The 100 MSEK bond tap issue for Advanced SolTech Sweden AB has been fully subscribed.
The bond tap issue has a floating interest rate starting at 9 % p.a. with a 3-months IBOR component, with quarterly payments and maturity in January 2023.
The net proceeds will be used to finance construction of new solar power facilities within ASAB´s green bond framework.
The bond is listed on Nasdaq First North Sustainable Bond Market.
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JOOL Corporate Finance AB acted as Corporate Finance advisor, Roschier Advokatbyrå AB acted as legal advisor to Swedish law, AnJie Law Firm as to the laws of China. Intertrust (Sweden) AB acted as bond trustee.
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The JOOL Group is a family-owned corporate group, rooted in Swedish industrial tradition. Our passion is entrepreneurship - both our own and that of others. We match companies in need of growth funding with financially strong investors and institutions. Specializing in debt financing and fixed income investments, JOOL has emerged as market leader in SEK 30-200 M Nordic corporate bonds.
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