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Kinnevik issues Swedish Bonds

03 Dec 2012, 16:30 pm
Investment AB Kinnevik (publ) ("Kinnevik") today announced that it has successfully raised SEK 1.2 billion in the Swedish domestic bond market.

The tenor of the bond is 5 years and it is a dual tranche issue with SEK 200 million at an annual coupon of 3.25% and SEK 1,000 million at 3 months STIBOR + 1.7%. Nordea Bank AB (publ) and Swedbank AB (publ) acted as Joint Lead Managers. 

In connection with the bond issue, Kinnevik also made an addition to its finance policy stating that Kinnevik shall always strive to avoid providing security in relation to its financing. The total value of secured loans may not exceed 20% of the total gross asset value for an extended period of time.

Kinnevik discloses the information provided herein pursuant to the Securities Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information was submitted for publication on 3 December, 2012 at 16.30 (CET).

For further information, visit www.kinnevik.se or contact:

Mikael Larsson, Chief Financial Officer +46 (0)8 562 000 70
Torun Litzén, Investor relations +46 (0)8 562 000 83

+46 (0)70 762 00 83

Kinnevik was founded in 1936 and thus embodies seventy-five years of entrepreneurship under the same group of principal owners. Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The company's holdings of growth companies are focused around seven comprehensive business sectors; Telecom & Services, Online, Media, Micro financing, Paper & Packaging, Agriculture and Renewable energy. Kinnevik has a long history of investing in emerging markets which has resulted in a considerable exposure to consumer sectors in these markets. Kinnevik plays an active role on the Boards of its holdings. The Kinnevik's class A and class B shares are listed on the NASDAQ OMX Stockholm's list for large cap companies, within the financial and real estate sector. The ticker codes are KINV A and KINV B.

Press release

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Source: Kinnevik via Thomson Reuters ONE

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