By Angela McDaniels
Tacoma, Wash., May 11 - Klovern AB (publ) said it issued an additional SEK 180 million principal amount of its bond loan No. 2, increasing the size of the issue to SEK 500 million.
The company announced the original SEK 320 million issue on Feb. 29.
The bonds mature in 2015 and bear interest at Stibor plus 400 basis points.
Proceeds will be used for general corporate purposes, including acquisitions.
Swedbank Corporate Finance acted as financial adviser to Klovern, according to a company news release.
Klovern is a real estate company based in Nykoping, Sweden.
| Issuer: | Klovern AB (publ)
|
| Issue: | Bonds
|
| Amount: | SEK 500 million, increased from SEK 320 million
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| Maturity: | 2015
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| Coupon: | Stibor plus 400 basis points
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| Announcement dates: | Feb. 29 for SEK 320 million, May 11 for SEK 180 million
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