Krogerus advised the lead managers, Danske Bank and Pohjola Bank, on VVO Group’s EUR 100 million secured bond issue. The bond matures in seven years and carries a fixed annual interest rate of 3.25%. The bond is secured by Finnish residential properties.
VVO is Finland’s largest private provider of rental housing. The company employs approximately 330 persons and has annual revenue of roughly EUR 335 million.
The Krogerus team was led by partner Päivi Toivari. She was assisted by counsel Marjukka Sippola, and senior associates Heta Rönkkö and Mirja Sikander.