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Investment AB Kinnevik Issues Swedish Bonds

Monday, 3 Dec 2012 10:30am EST 

Investment AB Kinnevik announced that it has successfully raised SEK 1.2 billion in the Swedish domestic bond market. The tenor of the bond is five years and it is a dual tranche issue with SEK 200 million at an annual coupon of 3.25% and SEK 1,000 million at 3 months STIBOR + 1.7%. Nordea Bank AB (publ) and Swedbank AB (publ) acted as Joint Lead Managers. In connection with the bond issue, Kinnevik also made an addition to its finance policy stating that Kinnevik shall always strive to avoid providing security in relation to its financing. The total value of secured loans may not exceed 20% of the total gross asset value for an extended period of time. 

Company Quote

-4.0 -1.56%
16 Sep 2014