Investment AB Latour issues 1.2 billion Swedish kronor in new bond loans
Investment AB Latour has issued two new bond loans totaling 1.2 billion Swedish Kronor, the company announced on Wednesday.
The issuance falls within the aggregate nominal amount of its existing MTN program.
The first bond, valued at 700 million Swedish Kronor, has a 2.8-year tenor and carries a floating interest rate of three months STIBOR plus 0.65% annually.
The second bond, amounting to 500 million Swedish Kronor, has a 5-year tenor with a floating interest rate of three months STIBOR plus 0.95% annually.
Handelsbanken, SEB, and Nordea arranged the issuance, according to the company.
More from this issuer
Related coverage
Swedish investment firm Investment AB Latour on Tuesday reported strong third-quarter growth in its industrial operations, but said its investment portfolio continued to underperform the market.
Swedish investment firm Investment AB Latour said Wednesday it has raised 750 million Swedish kronor ($71 million) through a new bond issue as it continues to fund its growing industrial operations amid a downturn in its listed portfolio.
Investment AB Latour announced Tuesday that its Chief Investment Officer, Johan Menckel, will depart, as the Swedish investment company reported its portfolio of listed holdings underperformed the market in the first half of the year.