By Susanna Moon
Chicago, Oct. 12 - Klovern AB (publ) issued a SEK 2 billion four-year unsecured bond loan at Stibor plus 400 basis points, according to a news release.
Proceeds will be used for general corporate purposes, including acquisitions.
The company will apply to list the bond on Nasdaq OMX Stockholm.
"The interest in the bond has been strong, the target of SEK 500 million was surpassed and the arrangers decided to close the book in advance," Rutger Arnhult, the company's chief executive officer, said in the release.
Swedbank AB (publ) is the lead manager and bookrunner.
Klovern is a real estate company based in Nykoping, Sweden.
| Issuer: | Klovern AB (publ)
|
| Issue: | Bonds
|
| Amount: | SEK 2 billion
|
| Maturity: | January 2017
|
| Coupon: | Stibor plus 400 bps
|
| Bookrunner: | Swedbank AB (publ)
|
| Co-lead manager: | Sundal Collier AB
|
| Announcement date: | Oct. 12
|
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