Investment AB Latour (publ) issues bond loans
Today Investment AB Latour issued two bond loans of in total SEK 1,200 m, within the aggregate nominal amount of the existing MTN program.
The first bond loan amounts to SEK 600 m with a tenor of 3 years and carries a floating interest rate of three months STIBOR + a margin of 0.32 per cent annually. The second bond loan amounts to SEK 600 m with a tenor of 3 years and carries a fixed interest rate of 0.765 per cent annually. Handelsbanken has 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 119 m. At the same time, Latour's interest rate is converted to a fixed EUR-based interest rate of about 0.1 per cent.
Göteborg, November 19, 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 ten substantial holdings with a market value of about SEK 95 billion. The wholly-owned industrial operations has an annual turnover of about SEK 17 billion.