Connect with us

Technology

Hoist Finance successfully issues senior non-preferred bonds

Published

on

STOCKHOLM, Nov. 29, 2024 /PRNewswire/ — Hoist Finance AB (publ) has successfully issued SEK 700 million of senior non-preferred bonds with a tenor of 4.25 years. The bonds were issued under Hoist Finance’s EMTN program and were priced at 3-months STIBOR +250 basis points. 

“I am very pleased to announce Hoist Finance’s first broadly distributed issue of senior non-preferred bonds, which was met by strong demand from more than 20 Nordic investors. This is the first senior non-preferred bond issue by a Nordic non-SIFI bank. This issuance marks an important step for our strategy to promote continued growth while maintaining a cost-efficient capital structure and supporting our investment grade credit rating from Moody’s,” says Harry Vranjes, CEO of Hoist Finance.

The proceeds from the bond issue will be used for general corporate purposes. The instruments will be listed on the regulated market Irish Stock Exchange plc, known as Euronext Dublin. The bonds are expected to be rated Ba1 by Moody’s.

Senior non-preferred bonds

Senior non-preferred bonds are subordinated to senior preferred bonds in the hierarchy of repayment.

For more information, please contact:
Karin Tyche, Chief Investor Relations and Communications Officer
ir@hoistfinance.com
+46 76 780 97 65

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 12 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hoist-finance/r/hoist-finance-successfully-issues-senior-non-preferred-bonds,c4073306

 

View original content:https://www.prnewswire.co.uk/news-releases/hoist-finance-successfully-issues-senior-non-preferred-bonds-302318629.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The Government of Canada Launches Call for Proposals for the Offshore Wind Indigenous and Coastal Communities Grant Funding

Published

on

By

HALIFAX, NS, Nov. 29, 2024 /CNW/ – The Government of Canada recognizes the tremendous economic opportunity presented by offshore wind development.

Today, the Honourable Jonathan Wilkinson launched an open call for proposals for grant funding to support Indigenous and coastal communities in Nova Scotia and Newfoundland and Labrador in their pursuit of opportunities related to offshore wind development. Grants will provide up to $10,000 in funding per recipient per year until March 31, 2027.

The funding will support Indigenous and coastal communities in accessing technical support to carry out engagement activities with the offshore wind energy industry, regulators and governments. These grants will support engagement on offshore wind by funding community meetings and workshops, as well as facilitating services so that communities can meaningfully engage with the offshore wind industry.

Applications for this open call for proposals will be accepted until December 18, 2024. More information on eligibility and how to apply can be found on the Offshore Wind Predevelopment Program webpage. 

Quote

“This government is seizing the generational economic opportunity presented by offshore renewable energy through legislation and funding. This will mean more jobs and investments in Nova Scotia and Newfoundland and Labrador — and we want to make sure that communities are well positioned to take advantage of the opportunities that will best benefit them. That is why we are launching a call for proposals under the Offshore Wind Indigenous and Coastal Communities Grant, which will provide people in both provinces with the engagement opportunities they want and deserve. This will help ensure responsible, efficient and democratic development of the offshore wind industry in Atlantic Canada.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

Quick Facts

The program’s next call for proposals will occur in spring 2025.The Offshore Wind Indigenous and Coastal Communities Grant Funding is part of Natural Resources Canada’s Offshore Wind Predevelopment Program, which aims to help support the conditions necessary for developing Canada’s offshore wind energy off the coasts of Nova Scotia and Newfoundland and Labrador.The Offshore Wind Predevelopment Program received funding of $61.4M through Budget 2023, a significant investment in the responsible and efficient development of offshore wind energy in Atlantic Canada.

Related Information

The Offshore Wind Predevelopment ProgramBill C-49: An Act to amend the CanadaNewfoundland and Labrador Atlantic Accord Implementation Act and the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act receives Royal AssentBuilding Offshore Renewables in Newfoundland and Labrador and Nova ScotiaGovernments of Canada and Nova Scotia launch regional assessment to support future decisions on offshore wind projects in the provinceThe Offshore Renewable Energy Regulations InitiativeCanada Offshore Renewable Energy Regulations

Follow us on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

Hinduja Tech Completes TECOSIM Group Acquisition, Further Extending Its Global Automotive Engineering Reach

Published

on

By

CHENNAI, India, Nov. 29, 2024 /PRNewswire/ — Hinduja Tech Limited, a mobility-focused global engineering and R&D technology company that is a subsidiary of Ashok Leyland, today announced the completion of its acquisition of TECOSIM Group, a leading European engineering services provider. This acquisition, expanding its presence in the European market, marks a significant milestone for Hinduja Tech, taking a decisive step towards its vision to be among the top 10 global mobility engineering and R&D companies. The strategic move highlights Hinduja Tech’s ongoing commitment to enhancing its global automotive engineering market leadership. This will provide operational efficiencies, increased competitiveness, and a stronger global market presence. This acquisition reinforces Hinduja Tech’s vision of becoming a global leader in sustainable mobility solutions.

TECOSIM Group, renowned for its cutting-edge virtual validation and body engineering expertise, brings in considerable depth of innovation and talent to the Hinduja Tech family. Combining TECOSIM’s deep experience with Hinduja Tech’s proven track record, the Hinduja Tech Group will offer a comprehensive suite of services, from advanced technology innovation to leading systems integration. This partnership will empower Hinduja Tech to deliver a broader range of solutions, catering to the global mobility industry’s ever-evolving needs and ensuring more comprehensive and competitive services are available to the customers via its unique global delivery model.

Mr. Kumar Prabhas, CEO of Hinduja Tech Limited, said, “We are delighted to have TECOSIM Group join the Hinduja Tech family. This reinforces our unwavering commitment to innovation and growth. TECOSIM Group’s virtual validation and body engineering expertise perfectly complements our existing capabilities, allowing us to offer a comprehensive range of solutions. Together, we will drive the future of automotive engineering and shape the contours of the global mobility landscape.”

Mr. Udo Jankowski, Managing Director of the TECOSIM Group, echoed this sentiment: “Joining forces with Hinduja Tech is a game-changer for TECOSIM. Their global reach and industry expertise, coupled with our technical strengths, create a winning combination. We are excited to embark on this journey, delivering exceptional value to our clients and driving technological advancements in the global mobility value chain.”

This acquisition significantly expands Hinduja Tech’s global footprint, solidifying its presence in Europe and positioning itself for further growth. TECOSIM’s strong foothold in Europe gives Hinduja Tech a broader geographic reach and opens new avenues for growth, including serving a more diverse customer base across Europe and beyond. With over 650 employees spread across the UK, Germany, Romania, Japan, and India, TECOSIM will bring a wealth of expertise and innovative solutions. Hinduja Tech will leverage its enhanced capabilities to address the automotive industry’s complex challenges, delivering innovative solutions that drive efficiency, sustainability, and performance.

About Hinduja Tech:

Hinduja Tech, part of the multi-billion-dollar Hinduja Group, is the integrated Product Engineering and Digital Technologies Solutions provider for the mobility industry. As a partner of choice, Hinduja Tech works with leading automotive organizations (OEMs & Tier-X Suppliers) and disruptive mobility players in North America, Europe, APAC, and India. To learn more about Hinduja Tech, visit www.hindujatech.com

Hinduja Group has a presence in over 38 countries and employs about 200,000 people with multiple industry verticals like Mobility, Lubricants & Specialty Chemicals, Banking & Finance, Digital Technology, Energy, Media & Entertainment, Realty, Healthcare, Project Development and Trading.

About TECOSIM Group:

TECOSIM Group, headquartered in Wiesbaden, Germany, is a globally active engineering company renowned for developing technological solutions that promote sustainable transport, safe and clean energy supply, and a competitive industrial landscape. Started as a German engineering company, the TECOSIM Group has now earned an exceptional reputation in Europe, Asia, and the USA through its global expansion and is known for its expertise in simulation, testing, and engineering services, catering to a diverse range of industries including automotive, energy, and industrial sectors.

Photo – https://mma.prnewswire.com/media/2570122/Hinduja_Tech.jpg
Photo – https://mma.prnewswire.com/media/2570123/Hinduja_Tech_2.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/hinduja-tech-completes-tecosim-group-acquisition-further-extending-its-global-automotive-engineering-reach-302318960.html

SOURCE Hinduja Tech

Continue Reading

Technology

RADIN Health® Reaches Major Achievement + Executes Partnership Agreement with Ikonopedia®

Published

on

By

SHERIDAN, Wyo., Nov. 29, 2024 /PRNewswire/ — RADIN Health®, a leading forward thinking MedTech company, announces a major milestone in its corporate trajectory with the launch of its AI-powered All-In-One SaaS solution, designed to revolutionize imaging centers, radiology departments and radiology practices.

Radin is pleased to announce Total Medical Imaging (TMI), a distinguished leader in comprehensive teleradiology interpretation, has successfully transitioned from Sepstream PACS to the RADIN platform. TMI, renowned for its team of 50 subspecialized radiologists, interprets over 50,000 diagnostic studies monthly for healthcare institutions globally.

Leveraging RADIN’s all-in-one, cloud-based solution suite — RADIN PACS, RADIN Dictation AI®, and RADIN Select®—TMI has achieved significant improvement in radiologist workflow efficiency, company productivity and has reduced operational expenditures.  Manual processes have been eliminated, radiologist dictation times have been cut 50%, and automated study orchestration has improved client study turnaround times.  Innovative provider communication tools, like embedded voice-over-IP, provider portal, AI-driven features, such as automatic impressions and identification of critical findings, and peer review have enhanced communication, collaboration and client satisfaction. As an AWS web-based, serverless and secure application that can be easily scaled, TMI clients login into RADIN via a web browser, from anywhere, anytime.

RADIN Health® is also announcing a strategic partnership with Ikonopedia®, a leader in breast imaging reporting and tracking solutions. This collaboration aims to integrate Ikonopedia’s advanced, cloud-based breast imaging reporting system with the RADIN®platform.  By combining these technologies, the partnership seeks to enhance radiologists’ workflow efficiency, improve diagnostic accuracy, and elevate patient care. Ikonopedia® provides a complete breast reporting suite that is BI-RADS® compliant using a lesion-specific closed-loop technology to ensure each area of concern is followed to complete resolution. Ikonopedia was started by internationally recognized breast health radiologists Dr. László Tabár, Dr. Tom Stavros, and Dr. Michael Vendrell.

RADIN® HEALTH is a pioneering MedTech company focused on developing SaaS products that enhance the efficiency, productivity, and scalability of imaging centers and radiology practices. Utilizing artificial intelligence (AI), machine learning (ML), and natural language processing (NLP), Radin Health offers an all-in-one RIS, PACS, Dictation AI®, and Select® workflow solution. For more information, visit www.radinhealth.com or see us at RSNA 2024 for a demo at booth 2971.

Please visit Ikonopedia® at booth 1408 and for more information on Total Medical Imaging visit TMI.

View original content to download multimedia:https://www.prnewswire.com/news-releases/radin-health-reaches-major-achievement–executes-partnership-agreement-with-ikonopedia-302318965.html

SOURCE Radin LLC

Continue Reading

Trending