| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Investor AB > News item |
Investor AB wraps tenders for 3.25% notes, 5.25% notes; pricing set
By Susanna Moon
Chicago, May 16 – Investor AB said investors had tendered €99.9 million of its €300 million 3.25% notes due Sept. 17, 2018 and SEK 386 million of its SEK 500 million 5.25% notes due Sept. 4, 2019.
The purchase price was set at 104.684 for the 3.25% notes and at 112.003 for the 5.25% notes, according to a company notice on Tuesday.
Pricing was set at 6 a.m. ET on May 16 using fixed purchase yield of negative 0.25% for the 3.25% notes and a spread of 25 basis points over the interpolated mid-swap rate for the 5.25% notes. The purchase yield was 0.017% for the 5.25% notes.
The company will also pay accrued interest.
The tender offers ran from May 9 until 11 a.m. ET on May 15, with settlement expected to follow May 18.
After settlement, there will be left outstanding €200.1 million of the 3.25% notes and SEK 114 million of the 5.25% notes.
Skandinaviska Enskilda Banken AB (46 8 506 23 189 or liabilitymanagement@seb.se) is the dealer managers. Lucid Issuer Services Ltd. (+ 44 20 7704 0880 or investorab@lucid-is.com) is the tender agent.
The issuer is a Stockholm-based investment company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.