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Press release

Strong demand when Hoist Finance issues SEK 1bn senior preferred bonds

Hoist Finance

Hoist Finance AB (publ) has successfully issued SEK 1bn of senior preferred bonds with a 5-year tenor under the company's EMTN program. The issuance was met with strong demand from institutional investors resulting in the order book being three times oversubscribed relative to the initial expected volume of SEK 500m, allowing Hoist Finance to increase the issue size to SEK 1bn and to price the bonds at 3-month STIBOR +215 basis points.

"It is great to see strong investor demand in our bond issuances. Today's transaction was closed at attractive market terms and supports our liquidity profile and continued growth, as we progress towards our ambition of having an investment portfolio of SEK 36bn in 2026", says Harry Vranjes, CEO of Hoist Finance.

 

The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market of the Irish Stock Exchange plc (Euronext Dublin). The bonds are expected to be rated Baa2 by Moody's Ratings.

 

For more information, please contact:

Karin Tyche, Chief Investor Relations Officer

ir@hoistfinance.com

+46 76 780 97 65

 

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 30 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in thirteen markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.

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