By Rebecca Melvin
New York, Oct. 9 – Klovern AB priced SEK 2 billion of 3.5-year, floating green bonds due April 16, 2024, with a coupon of Stibor plus 325 basis points, according to a news release on Friday.
The bonds were sold under the issuer’s newly established medium-term note program by bookrunners Danske Bank, Nordea and Swedbank.
The company was concurrently tendering for its outstanding SEK 1.5 billion senior floating-rate bonds due Nov. 2, 2020 (ISIN: SE0009241805), and the offer was accepted by holders representing a total nominal amount of SEK 1.088 billion.
The tender of any and all of the bonds are being purchased for cash at a price of 100.2 plus interest. The tender expired at 6 a.m. ET on Oct. 9, and was expected to settle on Oct. 16.
Klövern is a Stockholm-based real estate company.
| Issuer: | Klovern AB
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| Issue: | Green bonds
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| Amount: | SEK 2 billion
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| Maturity: | April 16, 2024
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| Bookrunners: | Danske Bank, Nordea, Swedbank
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| Coupon: | Stibor plus 325 bps
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| Announcement date: | Oct. 9
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