Stockholm, June 07, 2018 (GLOBE NEWSWIRE) --
Reference is made to a press release by Vostok New Ventures Ltd (the “Company”) made on the morning of 7 June 2018 announcing the launch of a new senior unsecured bond issue (the “Bonds”). As a result of strong investor demand, the books were closed shortly after launch.
The bonds, in an initial amount of SEK 400 million within a frame of SEK 600 million, run with a tenor of four years and will carry a fixed coupon of 6.15 per cent p.a. with interest paid quarterly. The transaction saw strong demand from both existing and new investors and was significantly oversubscribed.
As previously communicated, in conjunction with the transaction the outstanding amount under the Company’s existing bonds with ISIN SE0010023390 will be reduced by SEK 150 million by way of a cancellation of bonds. The cancellation will take place in conjunction with settlement of the Bonds, expected to take place on or about 14 June 2018.
Pareto Securities AB acted as sole bookrunner in conjunction with the bond issue and Gernandt & Danielsson Advokatbyrå acted as legal advisor.
For additional information, please contact:
Björn von Sivers, Investor Relations: +46 (0)8-545 015 50
This information is information that Vostok New Ventures Ltd. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CEST on 7 June 2017.
Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com.
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