AP6 launches convertible bond to aid ownership hand overs

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SWEDEN - The SEK15bn Sixth Swedish National Pension Fund (Sjätte AP-fonden, AP6) has launched a convertible bond instrument designed to make external funding more attainable to small and medium-sized Swedish growth companies.

The instrument has been created with the general age increase of Swedish company owners in mind, based on the idea that those owners will be seeking to sell their companies on to the next generatio...

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