Sikuki Nuuk Harbour AS, the owner of the port facility in Nuuk, the Capital city of Greenland, has raised EUR 59 million in the US Private Placement market. The fully amortizing Notes have a tenor of 21.5 yrs maturing in 2036, and a very competitive fixed in coupon. Use of proceeds is to fund construction costs relating to an expansion of the existing port facility.
The issue was placed to large US infrastructure investors and was significantly oversubscribed.
Pareto Securities acted as Sole Arranger in the offering.