By Sarah Lizee
Olympia, Wash., Sept. 25 – Vostok New Ventures Ltd. said it placed SEK 550 million of 5¾% three-year senior secured bonds within a total frame of SEK 800 million.
Pareto Securities AB is the bookrunner.
“The transaction saw very strong demand and was significantly oversubscribed, in response to which the bonds were upsized and priced below the indicated range,” the company said in a news release.
The issuer is a Stockholm-based investment company.
| Issuer: | Vostok New Ventures Ltd.
|
| Issue: | Senior secured bond loan
|
| Amount: | SEK 550 million
|
| Maturity: | Three years
|
| Bookrunner: | Pareto Securities AB
|
| Coupon: | 5¾%, payable quarterly
|
| Announcement date: | Sept. 25
|
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