Baltic Horizon Fund: update concerning the planned bond programme and publishing of the sustainability-linked bond framework

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

On 22 November 2022, Northern Horizon Capital AS announced a plan to establish a sustainability-linked bond programme of Baltic Horizon Fund in a total amount of up to 50 million euros and the first series of which was planned to be completed during Q1 2023 ().

Northern Horizon Capital AS hereby announces changes in relation to the aforementioned plan and timeline. Compared to the previously announced plan Northern Horizon Capital AS is also contemplating private placement of bonds with different maturities, the final structure of the transaction and target investors will be decided in April. The proceeds of bonds, in addition to other financing sources like proceeds from asset disposals will be used to refinance outstanding bonds in the amount of 50 million euros, maturing on 8 May 2023 (ISIN code: EE3300111467). The bond transactions will be completed prior to the maturity date of the outstanding bond.

In relation to the intended sustainability-linked bond structure, a sustainability-linked bond framework is published on the website of Baltic Horizon Fund ().

Important note:

This announcement is not to be construed as an offer or solicitation for the purchase of the bonds, nor shall the sale or offer of the bonds take place in any jurisdiction where such offer, invitation or sale would be unlawful without the exception or qualification of law, prior to the registration of the prospectus.

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.

For additional information, please contact:        

Tarmo Karotam

Baltic Horizon Fund manager

E-mail 

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm,