Kinnevik AB (publ) ("Kinnevik") today announced that it has issued a SEK 1bn bond in the Swedish bond market.
The bond has a final maturity of five years and a floating rate coupon of the three-month STIBOR plus 1.10 percent. In order to hedge the interest rate risk, Kinnevik has entered into an interest rate swap agreement whereby it will pay a fixed annual interest rate of 1.495 percent on the full SEK 1bn.
The bond is issued under Kinnevik's Medium Term Note ("MTN") Programme esta
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