Investor AB accepts tenders for €255.9 million 4% eurobonds due 2016

By Jennifer Chiou

New York, Dec. 11 - Investor AB announced that it has accepted for purchase €255,898,000 of tenders in the cash offer for any and all of its €500 million of outstanding 4% eurobonds due March 14, 2016.

The offer ended at 11 a.m. ET on Dec. 10, and pricing was set at 5 a.m. ET on Dec. 11.

The purchase price is 107.701 plus accrued interest. The purchase yield was 0.545%.

Any accepted bonds will be canceled, leaving €244,102,000 of bonds outstanding.

According to a prior filing with the London Stock Exchange, the offer was meant to optimize the company's debt maturity profile.

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) were the dealer managers.

The tender agent was 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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