To offset a seasonal cash squeeze, Wedins, the financially stricken Swedish shoe and leathergoods retailing group has launched a convertible issue worth 34 million kroner (€3.7m-$4.7m) and contracted new loans for 36 million SEK (€3.9m-$5.0m). The bonds carry an annual interest of 8.5 percent and can be redeemed between May 1 and July 31 of next year, giving subscribers about 7 percent of the equity.