By Susanna Moon
Chicago, June 17 – Kungsleden AB said it issued a SEK 600 million three-year senior bond loan with a coupon of Stibor plus 350 basis points, for an initial coupon of about 3%.
Proceeds will be used to refinance Kungsleden’s SEK 700 million bond loan due December 2016 and for general corporate purposes.
Arctic Securities and Nordea are the financial advisers. Mannheimer Swartling Advokatbyrå is the legal adviser.
“We are delighted that investor interest was high. Bonds spread the risks in our combined borrowings and are therefore an important funding source for Kungsleden,” Biljana Pehrsson, chief executive officer of Kungsleden, said in a company announcement.
Kungsleden said it intends to list the bond loan on the corporate bond list of Nasdaq Stockholm.
Stockholm-based Kungsleden owns, manages and develops office and other commercial properties in Stockholm and Sweden’s additional growth markets.
| Issuer: | Kungsleden AB
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| Issue: | Senior bond loan
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| Amount: | SEK 600 million
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| Maturity: | June 2019
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| Coupon: | Stibor plus 350 bps
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| Announcement date: | June 17
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