By Susanna Moon
Chicago, June 7 – Vostok New Ventures Ltd. said it placed SEK 400 million of 6.15% four-year senior bonds within a total frame of SEK 600 million.
Pareto Securities AB is the bookrunner.
The offering opened on Thursday morning and, “as a result of strong investor demand, the books were closed shortly after launch,” according to a company announcement.
“The transaction saw strong demand from both existing and new investors and was significantly oversubscribed,” the release noted.
In connection with the sale, the outstanding amount under the company’s 5˝% bonds due June 22, 2020 will be reduced by SEK 150 million on June 14 by way of cancellation, the company added.
The issuer is a Stockholm-based investment company.
| Issuer: | Vostok New Ventures Ltd.
|
| Issue: | Senior bond loan
|
| Amount: | SEK 400 million
|
| Maturity: | Four years
|
| Bookrunner: | Pareto Securities AB
|
| Coupon: | 6.15%, payable quarterly
|
| Announcement date: | June 7
|
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