By Paul A. Harris
Portland, Ore., Oct. 16 – Klovern AB priced an upsized SEK 500 million add-on to its Stibor plus 600 basis points perpetual hybrid bonds at par, according to a Tuesday press release.
The issue size was increased from SEK 250 million.
Nordea and Swedbank were the bookrunners.
The issuer is a real estate company based in Sweden.
Issuer: | Klovern AB
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Amount: | SEK 500 million
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Maturity: | Perpetual
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Security description: | Add-on to perpetual hybrid bonds
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Bookrunners: | Nordea, Swedbank
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Coupon: | Three-month Stibor plus 600 bps
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Price: | Par
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First call date: | June 21, 2023
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Announcement date: | Oct. 16
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Listing: | Nasdaq Stockholm
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Original issue: | SEK 800 million
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Total issue size: | SEK 1.3 billion
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