Brief: Kinnevik Issues SEK 2.0 Bln In Bonds

Kinnevik AB

16/11/2021 07:03

Nov 16 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK HAS ISSUED SEK 2.0 BILLION IN NEW
SUSTAINABILITY-LINKED
BONDS
    * DUAL TRANCHE SEK 2.0BN SUSTAINABILITY-LINKED BONDS
COMPRISE A
SEK 1.5BN TRANCHE WITH A FINAL MATURITY OF FIVE YEARS AND A SEK
0.5BN TRANCHE WITH A FINAL MATURITY OF SEVEN YEARS
    * BOTH TRANCHES ARE ISSUED WITH A FLOATING RATE COUPON BASED
ON
THREE-MONTH STIBOR PLUS 0.70 PERCENT FOR SHORTER TENOR, AND PLUS
0.90 PERCENT FOR LONGER TENOR
    * PROCEEDS FROM BOND ISSUE WILL PRIMARILY BE USED TO
REFINANCE
BONDS MATURING DURING 2022

Source text for Eikon:  ID:nGNE1pDMd3 
Further company coverage:  KINVb.ST 

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