Hoist Finance Raises SEK 300m in AT1 Capital to Support Growth

The latest announcement is out from Hoist Finance AB ( (SE:HOFI) ).

Hoist Finance, an asset manager focused on non-performing loans across 14 European countries, acquires distressed debt portfolios from banks and financial institutions and helps consumers and smaller firms restructure obligations through long-term repayment plans. The company is regulated as a credit market institution and its shares are listed on Nasdaq Stockholm, reflecting its established presence in the European debt management market.

The company has issued SEK 300 million in Additional Tier 1 capital to optimise its capital structure and support a continued high investment pace in debt portfolios. The perpetual AT1 instrument, carrying a floating coupon of STIBOR 3 months plus 375 basis points and an optional redemption window after five years, will be listed on Nasdaq Stockholm, bolstering Hoist Finance’s balance sheet and funding capacity for future growth.

The most recent analyst rating on (SE:HOFI) stock is a Buy with a SEK192.00 price target. To see the full list of analyst forecasts on Hoist Finance AB stock, see the SE:HOFI Stock Forecast page.

More about Hoist Finance AB

Hoist Finance is a Stockholm-listed asset manager specialising in non-performing loans, investing in and managing debt portfolios for more than three decades. The company partners with international banks and financial institutions across 14 European countries by acquiring their non-performing loan portfolios, while also working with consumers and small businesses to design sustainable repayment plans under the supervision of the Swedish Financial Supervisory Authority.

Average Trading Volume: 160,991

Technical Sentiment Signal: Buy

Current Market Cap: SEK14.21B

For an in-depth examination of HOFI stock, go to TipRanks’ Overview page.