Bond Information
On 15 April 2011 the Company issued in Sweden a SEK 300 million (approximately £29.4 million) unsecured and unrated bond due 2016 (the "Bonds"). The net proceeds of the Bonds are to be employed for general corporate purposes of the Group.
The Bonds carry a floating rate coupon of 3.75% above three months’ STIBOR, payable quarterly in arrears. The Bonds were issued at 100% of their principal amount and are redeemable at 100% of their principal amount on maturity.
The Bonds were subsequently listed on the NASDAQ OMX Stockholm Stock Exchange on 5 July 2011. After two years, CLS will have the right to redeem all outstanding Bonds together with accrued interest subject to an early redemption premium to the nominal value.
A copy of the prospectus can be found here and confirmation of the Bond Listing from the NASDAQ OMX Stockholm Stock Exchange can be found here.