Klovern arranges investor meetings for krona-denominated green bonds

By Devika Patel

Knoxville, Tenn., Oct. 6 – Klovern AB has mandated Danske Bank, Nordea and Swedbank as joint bookrunners to arrange investor meetings to investigate the possibility of issuing new krona-denominated green senior unsecured bonds, according to a press release.

The company also is offering holders of its outstanding SEK 1.5 billion senior floating-rate bonds due Nov. 2, 2020 (ISIN: SE0009241805) to tender any and all of the bonds for purchase for cash at a price of 100.2, plus interest.

The tender will expire at 6 a.m. ET on Oct. 9, and settlement is expected on Oct. 16.

The repurchase of bonds is conditional upon the successful issue the new green krona-denominated senior bonds.

Klovern is a real estate company based in Stockholm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.