12.12.2016

Secto – High-Yield Bond Issuance

We advised Secto Automotive Group Oy and Prudentus Capital Oy in connection with an offering of senior secured high-yield bonds denominated in euro to domestic and other Nordic investors. Prudentus Capital Oy acted as the financial advisor to Secto Automotive Group Oy and the sole bookrunner. The demand for the bonds was strong, and the offering was heavily oversubscribed.

Secto is the leading privately owned leasing company focusing on SMEs in Finland. The Group specializes in various car leases with over 2000 customers and a fleet of ~4500 vehicles. The Group’s growth has been both organic and profitable with CAGR of over 50% since its establishment in 2007.