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.

Roschier law firm acted as legal advisors and Intertrust (Sweden) AB as trustee.

SBT Living AB
SBT Living AB

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.