Hoist shores up capital with AT1 offer

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By Owen Sanderson
12 Feb 2020

Hoist Finance is marketing an additional tier one, part of the debt purchaser’s journey back to capital health following a regulatory judgement that wiped 3.7 percentage points off its core equity tier one ratio. The deal follows a landmark non-performing loan securitization called Marathon, which saw CarVal Investors take risk off the Swedish firm’s balance sheet.

Citi and Nordea are marketing the Hoist Finance AT1 from Friday. On offer is a €40m perpetual non-call five. It has previously printed small AT1 issues in 2016 and 2018 for similar amounts.

Unlike most of the debt purchasing firms, Hoist Finance is a regulated bank — which ...

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