By Paul A. Harris
Portland, Ore., Jan. 24 – Klovern AB announced in a Thursday press release that it has done a SEK 1 billion tap of its three-month Stibor plus 400 basis points senior unsecured green bond loan due April 2022.
Danske Bank, Nordea and Swedbank were the bookrunners.
The Stockholm-based real estate company intends to use the proceeds in accordance with its green bond framework.
| Issuer: | Klovern AB
|
| Amount: | SEK 1 billion
|
| Maturity: | April 2022
|
| Securities: | Senior unsecured green bond loan
|
| Bookrunners: | Danske Bank, Nordea and Swedbank
|
| Coupon: | Three-month Stibor plus 400 bps
|
| Total amount outstanding: | SEK 1.9 billion
|
| Program: | SEK 2.5 billion
|
| Listing: | Nasdaq Stockholm Sustainable Bond List (pending)
|
| Announcement date: | Jan. 24
|
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