Investment AB Latour (publ) issues bond loans
Today Investment AB Latour issued four bond loans of in total SEK 2,200 m, under the existing MTN program, whereof SEK 750 m with a tenor of 6 years, SEK 850 m with a tenor of 3 years and SEK 600 m with a tenor of 2 years. At the same time, Latour has repurchased short-term bonds with maturity as of September 2021 for an aggregate principal amount of SEK 1,184 m.
The first bond loan amounts to SEK 600 m with a tenor of 2 years and matures on 16 June, 2023, and carries a floating interest rate of three months STIBOR + a margin of 0.22 per cent annually.
The second bond loan amounts to SEK 850 m with a tenor of 3 years and matures on 17 June, 2024, and carries a floating interest rate of three months STIBOR + a margin of 0.30 per cent annually.
The third bond loan amounts to SEK 400 m with a tenor of 6 years and matures on 16 June, 2027, and carries a floating interest rate of three months STIBOR + a margin of 0.57 per cent annually.
The fourth bond loan amounts to SEK 350 m with a tenor of 6 years and matures on 16 June, 2027, and carries a fixed interest rate of about 1.06 per cent annually.
Handelsbanken and SEB have arranged the issuance.
Immediately after the issue, Latour entered into swap contracts which means that the debt for the two 6-yearsbonds will be converted to EUR, totaling EUR 74.7 m. At the same time, Latour's interest rate is converted for the 6-yearsbonds to a fixed EUR-based interest rate of about 0.37 per cent.
Göteborg, June 7, 2021
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 79 billion. The wholly-owned industrial operations has an annual turnover of about SEK 15 billion.