27.3.2019

NoHo Partners and Nordea – Issue of Hybrid Bond

We advised NoHo Partners and lead manager Nordea in the issue of a EUR 25 million hybrid bond. The coupon of the hybrid bond is fixed 9.0 percent per annum until 29 March 2022, but it will be subject to a coupon reset on each third anniversary of the issue date of the hybrid bond.

The company will use the proceeds of the issue in investments in accordance with its strategy, for the repayment of loans as well as for general corporate purposes.

NoHo Partners Plc is a group specialising in restaurant services and labour hire with over 200 restaurants in Finland and Denmark. Well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Yes Yes Yes, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi and Cock’s & Cows.