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Fellow Finance to price 15 million of notes; Lyse raises 30 million
By Devika Patel
Knoxville, Tenn., May 10 The week ended with a slow trickle of activity in the private placement markets, all in Scandinavia.
Helsinki, Finland-based Fellow Finance plc, a crowdfunding services provider, said it is considering a private placement of unsecured notes to raise around 15 million, and Lyse AS, a power company based in Stavanger, Norway, said it sold a registered bond in the German markets.
Fellow eyes 15 million
Fellow Finance plans a private placement of unsecured notes to raise around 15 million with an eye toward lowering the companys average interest rate on debt.
Evli Bank plc will be the lead manager.
Proceeds will be used to refinance existing loans, to diversify financing sources, for business growth and for general corporate purposes.
Lyse wraps 30 million
Lyse placed a 30 million 25-year Namensschulddverschreibung in the German market.
SEB was the arranger.
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