The company announced last week that it had secured its first four-year senior secure bond issue of €100 million, which it pledged would go towards “ongoing expansion and growth”.
Keystone said the funding would allow it to “continue investing in its platforms – driving growth and innovation in the education sector”.
It revealed that the bond issue caught the eye of a “broad range of high-quality Nordic and international institutional investors”, although it did not name them.
It is confident that the added funding will further drive the group’s expansion.
“This very successful bond issue will enable us to continue our fantastic growth story”, said Kenneth Nyhus Hanssen, chief financial officer at Keystone Education Group. “The attractiveness of the bond underpins the great work we have been doing, and the trust investors have in Keystone and our future.”
The group’s CEO Fredrik Högemark added: “We will continue our acquisition strategy, expanding our portfolio and bringing even more value to students and our customers worldwide.”
This very successful bond issue will enable us to continue our fantastic growth story
Kenneth Nyhus Hanssen, Keystone Education Group
The news comes after growth for Keystone last year.
In March 2024, the group bought Asia Exchange and Edunation, which respectively promote studying in Finland and study abroad opportunities, for an undisclosed amount.
It formed part of a strategy to find and enrol more students in Asian-Pacific markets, as well as promoting Nordic countries as high-quality education destinations.
