By Paul A. Harris
Portland, Ore., June 14 – Sweden-based real estate company Klövern AB announced in a Thursday press release that it priced SEK 800 million of three-month Stibor plus 600 basis points perpetual floating-rate hybrid bonds.
Earlier in the month the company announced it would seek to place up to SEK 1 billion.
Nordea and Swedbank were the bookrunners.
Proceeds will be applied as cash on the balance sheet.
| Issuer: | Klövern AB
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| Amount: | SEK 800 million
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| Maturity: | Perpetual
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| Securities: | Floating-rate hybrid bonds
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| Bookrunners: | Nordea, Swedbank
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| Coupon: | Three-month Stibor plus 600 bps
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| First call date: | June 21, 2023
|
| Listing: | Nasdaq Stockholm
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| Announcement date: | June 14
|
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