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Published on 2/6/2019 in the Prospect News Green Finance Daily and Prospect News High Yield Daily.

New Issue: Klovern prices SEK 400 million tap of green bond floaters due 2022

Portland, Ore., Feb. 6 – Klovern AB announced in a Wednesday press release that it priced a SEK 400 million add-on to its floating-rate green bonds that mature in April 2022.

The bonds bear interest at a rate of three-month Stibor plus 400 basis points.

Nordea ran the books.

Klovern is a Stockholm-based real estate company.

Issuer:Klovern AB (publ)
Amount:SEK 400 million
Maturity:April 2022
Securities:Add-on to floating-rate green bonds due April 2022
Bookrunner:Nordea
Coupon:Three-month Stibor plus 400 bps
Format:Green bond framework
Total issue size:SEK 2.3 billion
Listing:Nasdaq Stockholm (pending)

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