Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan’s annual interest is 10% and the conversion price is €1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.
Read more »Source URL: http://hundinklanudaly.blogspot.com/2011/06/more-good-news-for-saab-as-swedes.htmlVisit hundink lanudal for Daily Updated Hairstyles Collection
