Klövern issues a secured bond loan of SEK 700 million
2013-03-26
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, rutger.arnhult@klovern.se
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46 155-44 33 12/+46 70-224 29 35, britt-marie.nyman@klovern.se
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 +46 155-44 33 00, Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office: Nyköping. Website: kelly.corem.se, info@klovern.se
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.