Avance advises the real estate development company Nordlys AB (publ) and its Finnish subsidiaries in a SEK 750 million Swedish bond issue. The proceeds from the bond issue shall be used to refinance existing debt of the group and for general corporate purposes. The bond issue was a private placement directed to Swedish and foreign institutional investors. Share pledges over some of the issuer’s subsidiaries and pledges over mortgage certificates have, inter alia, been granted as security for the issuer’s obligations under the terms and conditions for the bonds. The company has undertaken to list the bonds at NASDAQ OMX Stockholm.