Hoist Kredit talks €250 million 3.5-year notes to yield 3¼%-3½%; pricing Wednesday

By Paul A. Harris

Portland, Ore., May 25 – Hoist Kredit AB (Ba2), a fully owned subsidiary of Hoist Finance AB, talked a €250 million offering of 3.5-year notes to yield 3¼% to 3½%.

That talk tightened from earlier guidance of 3½% to 3¾%.

The deal is expected to price shortly.

Credit Suisse, Dankse Bank and Nordea Markets are leading the deal, which was pre-marketed.

The Sweden-based debt restructuring partner to international banks and financial institutions announced the deal earlier in the month in conjunction with the launch of tender offers for its SEK 1 billion of three-month Stibor plus 375 bps senior floating-rate notes due 2016 and €100 million of three-month Euribor plus 375 bps senior floating-rate notes due 2017.

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