KlA[pilcrow sign]vern announces possibility of issue of hybrid bonds.
NORDIC BUSINESS REPORT-October 16, 2018-KlA[pilcrow sign]vern announces possibility of issue of hybrid bonds
(C)2018 M2 COMMUNICATIONS http://www.m2.com
Real estate company Klovern AB (STO:KLOVA) announced on Monday the appointment of Nordea and Swedbank as financial advisors to investigate market conditions for an increase of the SEK800m outstanding hybrid bond loan, which is subordinated to Klovern's outstanding senior bonds.
Reportedly, a SEK-denominated issue of a minimum SEK250m under the SEK1.5bn framework may follow, subject to market conditions.
According to the company, an issue of hybrid bonds will...
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