Hoist Kredit to redeem €40 million of tier 1 perpetuals on Sept. 1

By Mary-Katherine Stinson

Lexington, Ky., July 24 – Hoist Kredit AB issued a notice of redemption for its €40 million of fixed-rate reset perpetual additional tier 1 capital notes (ISIN: XS1833088237) on the first call date of Sept. 1, according to a notice.

The redemption will be at par together with unpaid interest accrued, if any, from and including the interest payment date immediately preceding the first call date.

The notes will be delisted from Euronext Dublin.

The announcement stated that the redemption notice is irrevocable.

The notes were originally issued by Hoist Kredit AB on June 7, 2018 and subsequently substituted to Hoist Finance AB as the issuer.

Hoist Kredit offers services for the acquisition and management of non-performing unsecured consumer loans. Parent company Hoist Finance is based in Stockholm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.