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Klovern’s Corem arranges meetings ahead of possible green bonds
By Marisa Wong
Los Angeles, Jan. 10 – Klovern AB’s parent company, Corem Property Group AB, has mandated Nordea and Swedbank as joint bookrunners to arrange investor meetings to look into a possible issuance of new Swedish krona-denominated green senior bonds, according to a press release.
Subject to market conditions, a capital markets transaction will follow.
In connection with the proposed issuance, Corem launched a tender offer for up to a maximum amount of Klovern’s SEK 2.35 billion outstanding senior floating-rate green bonds due April 4, 2022. Corem will set the tender cap equal to proceeds from the new bonds.
The tender offer will be conditioned on the new issuance.
Holders of existing bonds participating in the tender offer will be eligible to receive priority in allocation of the new bonds.
Klovern is a real estate company based in Stockholm.
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