Press release -
Placement of a bond issue for Koggbron Projekt AB (publ) successfully completed
Issue Amount: approximately SEK 425 Million
Fixed Interest Rate Coupon: 11.50 % and 18.00%
Maturity: 24 months (+/- 6 months)
The bond offering for Koggbron Projekt AB (publ) has been successfully completed. The bond offer consist of two tranches, where the senior bond has an issue amount of SEK 350m with a fixed interest rate of 11.50% p.a. and the junior bond has an issue amount of SEK 75m with a fixed interest rate of 18.00% p.a. Each tranche has been offered in SEK, NOK and USD and will have semi-annual interest payments. JOOL Markets AS acted as Sole Manager and bookrunner for the offering.
The senior bond has first priority security interest over properties and shares and a parent company guarantee. The junior bond has second priority security interest over properties and shares and a parent company guarantee.
Roschier law firm acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The NOK and USD bonds will be registered through the VPS system while the SEK bonds will be registered through Euroclear Sweden.
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, Great Britain and Germany.
JOOL Group