Placement of a bond issue for Gefion Group Holdco ApS successfully completed

Oct 29, 2018

Issue amount: DKK 260m

Interest rate: 9,5 % p.a.

Maturity: 36 months (+12 months)

The DKK 260m bond issue for Gefion Group Holdco ApS – has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond, maturing in October 2021, bears fixed coupon of 9,5 % p.a. with quarterly payments.

The net proceeds will be used to refinance the existing bonds, acquire shares in Victoria Properties A/S, and strengthen the Group’s liquidity for new investments.

The bond issue is secured with 1st priority pledge over all shares issued by the Issuer, 1st priority pledge over all shares issued by a Property Holding Company, 1st priority pledge over all Issuer Intercompany Loans, 1st priority pledge over all shares in Victoria Properties A/S owned by the Group, 1st priority pledge over the accounts (Bond Escrow Accounts, Interest Retention Account, Parent’s Operating Account and the Blocked Account) and Guarantee from Gefion Group A/S.

Advokatfirmaet Grette AS acted as legal advisor and Intertrust (Norway) AS as bond trustee. The bonds will be registered through VPS Norway (NOK/EUR) and Euroclear Sweden (SEK).

Gefion Group Holdco ApS
Gefion Group Holdco ApS Logo

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.