Eckero places bond issue

2021-10-28T08:36:15+00:00 October 28th, 2021|Finance|

Ferry operator Rederi Ab Eckerö has completed the placement of a bond loan.

This amounted to €62 mill over five years at an interest rate of three EURIBOR + a credit margin of 7%.

The agreed issue date is 28th October, 2021 and an

application for a bond listing will be submitted on the market for corporate bonds at the Oslo Stock Exchange.

Funds received will be used to shorten existing loans. Handelsbanken Capital Markets and Nordea are handling the issue.

Eckerö also said that it expected to be able to present a complete solution for the Group’s financing within the next month.