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Placement of a bond tap issue for Enghave Brygge Invest ApS successfully completed

Apr 3, 2020

Interest rate: 9 % p.a.
Maturity: 20th December 2024

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Enghave Brygge Invest is involved in a large residential and commercial property development project on Enghave Brygge in Copenhagen called Engholmene. The Projects location is in central Copenhagen and consists of several individual islands with residential buildings and several plots of commercial development.

The bond issue is secured with share pledge over all shares in the Issuer and guarantee agreement over the interest payments from Gribskov Development ApS, negative pledge, restrictions on debt in the Issuer and subsidiaries, with construction finance and bank financing in the Project and future subsidiaries permitted.

Roschier Advokatbyrå AB acted as Corporate Finance Legal Advisor to Swedish Law and Moalem Weitemeyer Bendtsen Advokatpartnerselskab as to Danish law. Intertrust (Sweden) AB acted as bond trustee. The bonds will be registered through Euroclear Sweden.

Grundingen Fastighets