26 November 2019
Gernandt & Danielsson advises in Vostok New Ventures Ltd’s issue of subsequent bonds
Gernandt & Danielsson advises in Vostok New Ventures Ltd's issue of subsequent bonds amounting to SEK 100 million. The subsequent bonds are issued within a frame of SEK 800 million and the total outstanding amount after the subsequent bond issue will be SEK 650 million. The issue proceeds will be used for general corporate purposes. The company has undertaken to list the bonds on the Frankfurt Stock Exchange Open Market and the corporate bond list of Nasdaq Stockholm.
Vostok New Ventures Ltd, previously Vostok Nafta, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation, with a focus on companies with network effects.
Gernandt & Danielsson advises the company and its financial advisor Pareto Securities with a team consisting of Partner Mikael Borg, Counsel Adrian Della Morte Pålstam and Associate Johan Malmsten.