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Investor AB starts cash tender offer for any and all 4% eurobonds
By Jennifer Chiou
New York, Dec. 4 - Investor AB announced the start of its cash tender offer for any and all of its €500 million of outstanding 4% eurobonds due March 14, 2016.
According to a filing with the London Stock Exchange, the offer is meant to optimize the company's debt maturity profile. Any purchased bonds will be canceled.
The offer will end at 11 a.m. ET on Dec. 10, and pricing will be set at 5 a.m. ET on Dec. 11.
Settlement is anticipated on Dec. 13.
Deutsche Bank AG, London Branch (44 20 7545 8011, attn: liability management group; liability.management@db.com) and Skandinaviska Enskilda Banken AB (46 8 506 23 189, attn: liability management group; liabilitymanagement@seb.se) are the dealer managers.
The tender agent is Deutsche Bank (44 20 7547 5000, attn: debt & agency services; xchange.offer@db.com).
The issuer is a Stockholm-based investment company.
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