By Jennifer Chiou
New York, Feb. 29 - Klovern AB announced the sale of SEK 320 million of three-year unsecured bonds on the Swedish market.
The bonds bear interest at Stibor plus 400 basis points.
According to a news release, the bond loan has a framework amount of SEK 500 million.
Proceeds will be used for general corporate purposes, including acquisitions.
Swedbank Corporate Finance was the financial adviser to Klovern.
Based in Nykoping, Sweden, Klovern is a real estate company.
| Issuer: | Klovern AB
|
| Issue: | Unsecured bonds
|
| Amount: | SEK 320 million
|
| Maturity: | 2015
|
| Coupon: | Stibor plus 400 basis points
|
| Announcement date: | Feb. 29
|
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