Brief: Privanet Group To Release Bond Worth EUR 3 Mln

Nyab Oyj

28/02/2020 15:17

Feb 28 (Reuters) - Privanet Group Oyj  PRIVA.HE :
    * WILL RELEASE A BOND WORTH EUR 3 MILLION
    * WILL OFFER THE BOND TO A RESTRICTED GROUP OF FINNISH
INVESTORS
    * SAYS THE BONDS MATURITY IS 27 MONTHS AND AN ANNUAL 5%
INTEREST
WILL BE PAID FOR IT
    * SAYS BOND WILL BE RELEASED ON MARCH 10, 2020
    * SAYS COLLECTED FUNDING WILL BE USED TO PAY BACK LOANS
MATURING
IN 2020 AS WELL AS FOR OTHER BUSINESS NEEDS
    * WILL ALSO RELEASE A HYBRID BOND WORTH EUR 1 MILLION, WITH
A 7%
INTEREST RATE
    * SAYS HYBRID BOND WILL BE RELEASED ON APRIL 1, 2020 AND IT
HAS NO
MATURITY
    * SAYS HYBRID BOND WILL NOT DILUTE OWNERSHIP OF EXISTING
SHAREHOLDERS

Source text for Eikon:  ID:nGNE1mMzG1 
Further company coverage:  PRIVA.HE 

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