Investment AB Latour (publ) issues bond loans

Today Investment AB Latour issued two bond loans of in total SEK 2,000 m, within the aggregate nominal amount of the existing MTN program. The proceeds from the bond issues will be used for financing of acquisitions.

The first bond loan amounts to SEK 1,100 m with a tenor of just over 3 years and matures on March 27, 2023, and carries a floating interest rate of three months STIBOR + a margin of 0.52 per cent annually.

The second bond loan amounts to SEK 900 m with a tenor of just over 5 years and matures on March 27, 2025, and carries a floating interest rate of three months STIBOR + a margin of 0.82 per cent annually.

Handelsbanken and SEB have arranged the issuance.

Immediately after the issue, Latour entered into two swap contracts which means that Latour’s debt will be converted to EUR, totaling EUR 186.4 m. At the same time, Latour's interest rate is converted for the 3-yearsbond to a fixed EUR-based interest rate of 0,138 per cent and for the 5-yearsbond to a fixed EUR-based interest rate of 0,509 per cent.

Göteborg, November 13, 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 63 billion. The wholly-owned industrial operations has an annual turnover of about SEK 13 billion.