During the end of 2012 and beginning of 2013 KlÃ¶vern has taken advantage of the
historically low interest rates and hedged a further SEK 2.9 billion of its loan
portfolio. This has been done using interest rate swaps with maturity periods of
five to ten years at an average interest rate of 1.90 per cent.
The outcome of the hedging that has now taken place is that 56 per cent of
KlÃ¶vern's credit portfolio has a fixed rate of interest for up to ten years. The
average rate of interest in mid-January amounts to 4.3 per cent with a fixed-
interest term of 3.5 years.
NykÃ¶ping, 25 January 2013
KlÃ¶vern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 70Â 458 24 70, firstname.lastname@example.org
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO,
+46Â 155-44 33 12/+46 70-224 29 35, email@example.com
KlÃ¶vern is a real estate company committed to working closely with customers to
meet their needs of premises and services in Swedish growth regions. As at 30
September 2012, the value of the properties totalled approximately SEK 22.3
billion and the rental income on an annual basis was around SEK 2.4 billion. The
KlÃ¶vern share is listed on NASDAQ OMX Stockholm Mid Cap.
KlÃ¶vern AB (publ.), Box 1024, SE-611 29 NykÃ¶ping, Sweden. Tel +46Â 155-44 33 00,
Fax +46Â 155-44 33 22. Corporate registration no. 556482-5833. Registered office:
NykÃ¶ping. www.klovern.se. firstname.lastname@example.org
This information is such that KlÃ¶vern AB (publ.) is obliged to disclose under
the Securities Market Act and/or the Financial Instruments Trading Act. The
information was made available for publication on 25 January 2013.
KlÃ¶vern hedges loan portfolio interest rates :
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Source: KlÃ¶vern AB (publ) via Thomson Reuters ONE