Placement of a loan offering for SBT Living AB successfully completed
Oct 22, 2018
Issue amount: SEK 41m
Interest rate: 10,0 % p.a.
Maturity: 18 months (+/- 6 months)
The SEK 41m loan offering for SBT Living AB has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.
The loan offer has an interest rate of 10,0 % p.a. with quarterly payments and matures in April 2020 (the offering can be extended with 6 months).
The proceeds from the loan are intended to finance the development of two properties in central Gothenburg, Sweden.
The loan is secured with 1st priority pledge over condominiums, pledge over interest account and pledge over the account for construction costs.
JOOL Markets is an independent Nordic investment bank and a leading arranger of corporate bonds for small and mid-sized companies. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.