Medicover has issued its first commercial paper

Medicover  AB (publ) has issued its first paper under the newly established Commercial Paper Programme. The Commercial Paper Programme has a total size of MSEK 2,000 with the possibility to issue in both Swedish Krona and Euro. So far has MSEK 542 been issued with tenors between 2-6 months and yields between 0.55-0.70%. The proceeds will mainly be used for refinancing of maturing short-term borrowing. Arranger is Nordea Bank Abp and dealer is Nordea and SEB. The Commercial Paper Programme is seen as a complementary funding source to the Group’s 300 MEUR