Press release -
Placement of a bond issue for Inter Eiendom AS successfully completed in less than 1 hour
Issue amount:NOK 35 M
Fixed interest rate:10 % p.a.
Maturity: 24 months (with a 6-month extension option)
The NOK 35 M bond issue for Inter Eiendom AS has been successfully completed in less than 1 hour. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue.
The bond, maturing in September 2019, bears a fixed coupon of 10 per cent p.a. (paid quarterly). The bond is secured through a second priority mortgage over four properties, second priority pledge over 72% of the shares in the Issuer and blocked and pledged accounts.
The transaction proceeds will be used for acquisition of properties, property development, general company purposes and transaction costs.
Grette law firm acted as legal advisors and Intertrust (Norway) AS as bond trustee. The bonds will be registered through 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.
JOOL Group