More Good News for Saab as Swedes Receive �25 Million Loan

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.