By Rebecca Melvin
New York, Feb. 18 – Vostok New Ventures Ltd. priced another SEK 150 million add-on to its 5¾% bond loan due 2022 (ISIN: SE0013233541), according to a company news release.
The new bonds priced at 102.75 and raised the total deal size to SEK 800 million.
Proceeds will be used for general corporate purposes.
Pareto Securities AB acted as bookrunner.
As previously reported, the Stockholm-based investment company priced its initial SEK 550 million issue of 5¾% bonds due 2022 on Sept. 25 and a SEK 100 million add-on Nov. 25.
| Issuer: | Vostok New Ventures Ltd.
|
| Issue: | Senior bond loan
|
| Amount: | SEK 150 million add-on
|
| Maturity: | Oct. 4, 2022
|
| Bookrunner: | Pareto Securities AB
|
| Coupon: | 5¾%
|
| Price: | 102.75
|
| Announcement date: | Feb. 17
|
| Settlement date: | Feb. 24
|
| Total outstanding: | SEK 800 million, including SEK 550 million on Sept. 25 and SEK 100 million add-on on Nov. 25
|
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