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Klövern mulls issuance of up to 1B kronor of hybrid bonds

Swedish real estate company Klövern AB is considering issuing up to 1.00 billion kronor of hybrid bonds, subject to market conditions.

The company tapped Nordea and Swedbank as financial advisers to investigate market conditions for the proposed issuance of the bonds, which are subordinated to its outstanding senior bonds.

As of June 7, US$1 was equivalent to 8.67 kronor.