Sunborn London Oyj: Successful placement of new secured bonds
PRESS RELEASE - SUNBORN LONDON OYJ
For immediate release – 9th September 2021, 22:00 EET
Sunborn London Oyj - Successful placement of new secured bonds
Sunborn London Oyj has today successfully completed with oversubscription a new EUR 25.5 million secured bond issue with a coupon of 3M EURIBOR plus 5.50 % p.a. issued at 96.95% of par value and with maturity date on 22 September 2024. Net proceeds will be used to refinance existing debt and other general corporate purposes.
DNB Markets acted as sole bookrunner for the bond issue.
The bond is to be listed in Nasdaq Helsinki.
Press enquiries:
Sunborn London Oyj
Hans Niemi, CEO
Telephone: +358 (0)2 4454 513
Email: hans.niemi@sunborn.com
Information:
This information is information that Sunborn London Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 22:00 EET on 9th of September 2021.
About Sunborn London Oyj
Sunborn London is part of the Sunborn Group, which is over 40 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn's focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.
Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.
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