Klövern AB (publ) (the “Issuer” or “Klövern”) has successfully issued senior unsecured green bonds in the total amount of SEK 2,000 million under the Issuer’s newly established MTN programme. The bonds have a tenor of 3.5 years and a floating interest rate of STIBOR three months plus 325 bps and will mature on 16 April 2024 (the “New Bonds”). Klövern intends to apply for listing of the New Bonds on the sustainable bond list of Nasdaq Stockholm.
The Tender Offer
Klövern further announces the results of the tender offer (the “Tender Offer“) to the holders of Klövern’s outstanding senior unsecured floating rate bonds maturing on 2 November 2020 with ISIN SE0009241805 and outstanding amount of SEK 1,500 million (the “Bonds”). The Tender Offer expired at 12:00 CEST on 9 October 2020. The Tender Offer has been accepted by holders of Bonds representing a total nominal amount of SEK 1,088 million.
Klövern will complete the Tender Offer and accepts all tendered Bonds for purchase. The price for the Bonds in the Tender Offer amounts to 100.20 per cent of the nominal amount. Klövern will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date. Settlement date for the Tender Offer is expected to occur on 16 October 2020.
Source: GlobalNewswire