Hoist Finance issues EUR 30 million Additional Tier 1 capital

2016-12-15 17:40

Hoist Kredit AB (publ) (Ba1 / stable), ("Hoist Finance"), a fully-owned subsidiary of Hoist Finance AB (publ), today announces that it has issued Additional Tier 1 capital to further optimise its capital structure.

The instrument is perpetual with a non-call period of 6.5 years and has a coupon of 8.625%. The instrument will be listed on the Global Exchange Market regulated by the Irish Stock Exchange.

“We are very pleased with the terms for the new issue. This transaction demonstrates our investors’ positive view of Hoist Finance’s solid financial position and growth opportunities. We are seeing increased activity in the European market for non-performing loans, and this transaction further strengthens our capital ratios and thereby increases our growth capacity going forward”, says Magnus Linnersand, Group Head of Treasury.

Credit Suisse acted as sole structuring advisor and book runner on the transaction.

For further information, please contact:

Magnus Linnersand, Group Head of Treasury
Phone: +46 (0)8 555 177 72

Michel Jonson, Group Head of Investor Relations
Phone: +46 (0)8 555 177 19

This information is information that Hoist Kredit AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication on 15 December 2016 at 17:40 CET.


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