Klövern AB (publ) : Klövern issues a secured bond loan of SEK 700 million
Klövern AB (publ) issues a secured bond loan of SEK 700 million with a of five
year maturity in the Nordic market. The bond loan has a variable interest rate
of three-month STIBOR plus 300 basis points with maturity in April 2018.
The proceeds will be used to finance a portfolio of investment properties in
Karlstad, Sweden, with a total market value of approximately SEK 1,100
million. Klövern will apply for the bond to be listed on NASDAQ OMX Stockholm.
"We are proud to be the first company in the Swedish market to issue a secured
bond loan to finance a portfolio of investment properties. The interest in the
bond has been strong and therefore the arranger decided to close the book in
advance", says Rutger Arnhult, CEO of Klövern.
Klövern has appointed Nordic Fixed Income AB as Lead Manager and Bookrunner
and Catella Corporate Finance HB as advisor in connection with the bond issue.
Legal advisor is Mannheimer Swartling Advokatbyrå AB
Nyköping, 26 March 2013
Klövern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 70-458 24 70, firstname.lastname@example.org
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46155-44 33 12/+46
70-224 29 35, email@example.com
Klövern is a real estate company committed to working closely with customers
to offer them efficient premises in selected growth regions. As at 31 December
2012, the value of the properties totalled approximately SEK 22.6 billion and
the rental income on an annual basis was around SEK 2.5 billion. The Klövern
share is listed on Nasdaq OMX Stockholm Mid Cap.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46155-44 33 00,
Fax +46155-44 33 22. Corporate registration no. 556482-5833. Registered
office: Nyköping. Website: www.klovern.se, firstname.lastname@example.org
This information is such that Klövern AB (publ) is obliged to disclose under
the Securities Market Act and/or the Financial Instruments Trading Act. The
information was made available for publication on 26 March 2013.
Klövern issues a secured bond loan of SEK 700 million
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Klövern AB (publ) via Thomson Reuters ONE
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