Klövern AB has successfully issued senior unsecured bonds in the total amount of €153m (SEK 1,5bn) under a framework amount of €254.9m (SEK 2,5bn). The bonds have a tenor of approximately three years and a floating interest rate of three-month STIBOR + 350 basis points with final maturity in February 2021.
The issue proceeds will be used for general corporate purposes and Klövern will apply for the new bonds to be listed on Nasdaq Stockholm's Corporate Bond List.
Danske Bank, Nordea and Swedbank have acted as Joint Bookrunners in connection with the new bond issue. MAQS Advokatbyrå has been a legal adviser.
