Industrivarden convertibles increased to €500 million with greenshoe

By Marisa Wong

Milwaukee, Jan. 13 - AB Industrivarden announced that the underwriters of its recent offering of convertible bonds due 2015 exercised the €50 million over-allotment option in full, increasing the total size of the offering to €500 million.

Industrivarden priced €450 million of five-year convertible bonds on Tuesday, to yield 2.5% with an initial conversion premium of 37.5%.

Handelsbanken Capital Markets and Morgan Stanley & Co. International plc are joint lead managers for the Regulation S offering. Morgan Stanley is the bookrunner.

Industrivarden is a Nordic region holding company based in Stockholm.

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