By Susanna Moon
Chicago, June 21 – Vostok New Ventures Ltd. said it placed a SEK 600 million 5½% three-year senior bond loan within a total frame of SEK 800 million.
Pareto Securities AB is the bookrunner.
“The transaction saw strong demand, primarily from Nordic institutional accounts, and was significantly oversubscribed,” according to the company notice.
The company also secured holder approval to amend its SEK 300 million bond loan 2016/2019.
Vostok was soliciting consents by written procedure to amend the terms to allow the issue of new unsecured debt ranking pari passu with the existing bond loan and to postpone the maturity of the loan provided to Delivery Hero Holding GmbH (now named Delivery Hero AG), according to a company announcement on June 1.
The company previously said it would pay a consent fee to all existing bondholders if the amendment was approved by the required majority of bondholders.
The issuer is a Stockholm-based investment company.
| Issuer: | Vostok New Ventures Ltd.
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| Issue: | Senior bond loan
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| Amount: | SEK 600 million
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| Maturity: | Three years
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| Coupon: | 5½%
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| Bookrunner: | Pareto Securities AB
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| Announcement date: | June 21
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