Placement of a bond issue for GG Engvej 155 Holdco ApS successfully completed

Nov 23, 2018

Issue amount: DKK 145m

Interest rate: 9 % p.a.

Maturity: 24 months (+9 months/ -6 months)

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The DKK 145m bond issue for GG Engvej 155 Holdco ApS – has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond, maturing in November 2020, bears fixed coupon of 9 % p.a. with quarterly payments.

The net proceeds will be used to refinance outstanding bonds, finance project development costs and interest costs.

The bonds are secured with 1st priority pledge over all shares issued by the Issuer, 1st priority pledge over all shares issued by the Property Company, however so that the priority shall yield to any Construction Financing, 1st priority pledge over all Issuer Intercompany Loans, 1st priority pledge over the Blocked Account and full guarantee from the Guarantor until the Local Plan is approved (guarantee for the remaining unpaid interest after the Local Plan is approved).

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).

Grundingen Fastighets

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.