Kojamo Plc Changes Name, Pursues Credit Rating
VVO Group Plc has officially changed its name to Kojamo Plc and is initiating its first credit-rated bond issuance. The company is also seeking an Investment Grade rating from Moody's.
Helsinki – VVO Group Plc announced on Friday, March 31, 2017, its official name change to Kojamo Plc. The company's trading code has also been updated concurrently. The change took immediate effect.
The company stated that the name change better reflects its operations and strategy within the rental housing market. The pursuit of a credit rating and the issuance of a bond are part of Kojamo's broader financing strategy. The company announced it had applied for a public credit rating from Moody's Investors Service.
Kojamo intends to issue its first credit-rated euro-denominated corporate bond in the European capital markets. This move is a significant step in supporting Kojamo's growth strategy and diversifying its funding sources. The company held its first-quarter earnings briefing on May 9, 2017.
Kojamo, formerly VVO Group, is Finland's largest provider of rental housing. The company's strategy focuses on offering high-quality and comfortable rental apartments to its customers. The firm has been active in construction projects across Finland, including developments in Espoo's Saunalahti, near the Urheilupuisto metro station, and Helsinki's Vuosaari.
The company has also been optimizing its operations and renewing its marketing efforts. Under the Lumo brand, the company has received recognition, including Effie Awards 2017 medals. Kojamo's business is focused on enhancing housing services and improving the customer experience.