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Medicover has Issued its First Commercial Paper

STOCKHOLM: 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 revolving credit facility.

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Medicover has Issued its First Commercial Paper


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