Klövern AB (publ) intends to establish a Medium Term Note programme with a framework amount of SEK 10 billion, to be secured by a pool of assets. The intention is that the collateral to be included in the pool, with properties as underlying assets and fully covered by property mortgage certificates, shall be characterised by attractive regions, mainly the Stockholm, Gothenburg, Malmö and Uppsala regions, and leverage levels not exceeding 55 percent at the date of issue. The establishment of the programme is expected to take place during the autumn of 2017.
"The MTN programme is a natural step in Klövern's efforts to broaden the sources of financing and to access a wider and deeper investor base through an active and long-term commitment to the capital markets. The secured MTN programme will be a complement to secured bank financing and hence, shall have characteristics to attract investors in the investment grade environment", says Jens Andersson, Head of Finance at Klövern.
Nordea Bank and Swedbank have been appointed dealers and arrangers of the MTN-programme and Danske Bank will act as dealer. MAQS is acting as legal adviser to Klövern and Mannheimer Swartling Advokatbyrå is acting as legal adviser to the arrangers in relation to the establishment of the MTN programme.
Klövern AB (publ)
For additional information:
Jens Andersson, Head of Finance, +46 (0)76-855 67 02, email@example.com
Rutger Arnhult, CEO, +46 (0)70-458 24 70, firstname.lastname@example.org
Lars Norrby, IR, +46 (0)76-777 38 00, email@example.com
Klövern is a real estate company committed to working closely with customers to offer them efficient premises in growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.
Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: +46 (0)10-482 70 00. E-mail: firstname.lastname@example.org.