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.
The five-year bond carries a fixed annual interest rate of 3.143%, the company said in a statement.
The issuance follows a 1.2 billion kronor bond sale in June and comes as Latour's wholly-owned industrial businesses are expanding, with net sales rising 9% in the second quarter, according to its latest financial report.
In contrast, the value of the company's investment portfolio of listed holdings fell 4.2% in the first half of 2025, while its benchmark index rose 2.3%, the company reported.
Latour has been active in acquisitions for its industrial arm this year, and its net debt stood at 18.5 billion kronor at the end of June, up from 13 billion kronor a year earlier.
"Latour’s financial strength do allow us to invest despite an economic downturn, but always in a prudent and responsible manner," Chief Executive Johan Hjertonsson said in the company's half-year report in August.
Handelsbanken, SEB and Nordea arranged the latest bond issuance.
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