Investment AB Latour (publ) issues bond loan
Today Investment AB Latour issued a bond loan of in total SEK 900 m, within the aggregate nominal amount of the existing MTN program originally established on 19 February, 2018. The proceeds from the bond issues will be used for financing of acquisitions.
The bond loan was issued with a tenor of 5 years and carries a fixed interest rate of 0.878 per cent annually. Handelsbanken and SEB have arranged the issuance.
Immediately after the issue, Latour entered into a swap contract which means that Latour’s debt will be converted to EUR, totaling EUR 84.1 m. At the same time, Latour's interest rate is converted to a fixed EUR-based interest rate of 0.35 per cent.
Göteborg, September 17, 2019
INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO
For further information, please contact:
Johan Hjertonsson, President and CEO Latour, +46 702 29 77 93
Anders Mörck, CFO Latour, +46 706 46 52 11
Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 60 billion. The wholly-owned industrial operations has an annual turnover of about SEK 12 billion.