ABG Sundal Collier acted as Joint Bookrunner in connection with the USD 250 million senior unsecured social bond issue and the USD 50 million subordinated social bond issue by Bayport Management Ltd

Bayport Management Ltd (“Bayport”) has successfully issued a senior unsecured social bond of USD 250 million, with a tenor of 3.0 years, and a subordinated social bond of USD 50 million, with a tenor of 3.5 years, under framework amounts of USD 400 million and USD 100 million, respectively. The net proceeds from the bond issues will be used to refinance Bayport’s outstanding senior unsecured social bond and refinance part of Bayport’s outstanding subordinated social bond, as well as for general corporate purposes, including investments and acquisitions. Further, the proceeds from the bond issues will be applied towards assets and projects with positive social impact, in accordance with Bayport’s Social Finance Framework.
The transactions were well received by the market which demonstrates the strong investor relationships Bayport has managed to establish over the years as an issuer in the Nordic High Yield market. This is truly a testimony to the investors’ confidence in Bayport’s ability to deliver significant social impact in the various markets Bayport operates.