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Klövern issues 900M kronor green bonds


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Klövern issues 900M kronor green bonds

Klövern AB issued senior unsecured green bonds worth 900 million Swedish kronor.

The four-year bonds were issued under the company's 2.5 billion kronor framework.

The bonds have a floating interest rate of three-months Stockholm Interbank Offered Rate plus 400 basis points, with final maturity in April 2022.

The company said the proceeds will be used in accordance with its green bond framework.

Danske Bank, Nordea and Swedbank acted as joint book runners and Swedbank acted as adviser. MAQS Advokatbyrå served as legal adviser.

As of March 26, US$1 was equivalent to 8.19 Swedish kronor.