Baltic Horizon Fund has completed subscription to 5-year unsecured bonds worth EUR 10 million (10,000 bonds with a nominal value of EUR 1,000 each). This was the third and final offering that completes the full EUR 50 million volume under the terms and conditions of the initial issue of 8 May 2018. The bonds will be issued under the same terms and conditions as the initial issue of 8 May 2018 (ISIN code: EE3300111467). The bonds will bear a fixed rate coupon of 4,25% to be paid quarterly. The transaction took place under the private placement regime and was subscribed by Baltic institutional investors. AB SEB bankas acted as the manager and bookrunner of the transaction. The issuer intends to apply for the bonds to be admitted for trading on Nasdaq Tallinn, and the first trading day is expected to be on or about 16 May 2019.
Proceeds from the subsequent bonds will be used mainly for new acquisitions and also to invest into expansion of existing properties.
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Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.
Distribution: Nasdaq, GlobeNewswire, www.baltichorizon.com
This announcement contains information that Northern Horizon Capital AS is obliged to disclose pursuant to the EU Market Abuse Regulation. It was submitted for publication, through the agency of the above distributors, at 15:20 EET on 8th of May 2019.