During the quarter, yet another building block was added to our company in the form of a credit rating of Ba1 from Moody's Investors Service (Moody's). In Moody's objective analysis of Hoist Finance, they recognised our extensive experience of debt management in Europe, where we have been operating for over 22 years. They also recognised our stable finances in the form of strong capital adequacy and a favourable liquidity position. The credit rating has enabled us to diversify our financing to a greater extent, and during the second quarter we implemented a successful first issue in the amount of EUR 250m under our newly established EMTN programme. A portion of our outstanding bonds was repurchased in conjunction with this, which was tied to non-recurring costs of about SEK 22m.