Balder issues its first bond in Euro
Fastighets AB Balder (publ) has today issued EUR 1 billion in the European bond market. EUR 500 million were issued with a maturity of 5 years at a fixed interest rate of 1.24%, and 500 million were issued with a maturity of 8 years with a fixed interest rate of 2.00%.
Balder issues bonds in euros to create a natural hedge of its currency risk that Balder has by owning assets in Denmark and Finland. The proceeds will primarily be used to repay secured debt with shorter maturities.
For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of Finance Marcus Hansson, tel. +46 768 369 848
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 86.2 billion as of 31 December 2016. The Balder share is listed on NASDAQ Stockholm, Large Cap segment..
Fastighets AB Balder (publ)
PO Box 53121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg