Hemsö issues three-year, SEK 750 m bond loan

Hemsö Fastighets AB, a 50:50 joint venture held by Kungsleden AB (publ) and AP3 (the Swedish Third Pension Insurance Fund) is issuing a three-year unsecured bond loan on the Swedish market. The nominal amount is SEK 750 m.

The loan is at variable interest and has final maturity in 2015. As a consequence of this action, These bonds will have a coupon of STIBOR 3m +2.25%. Hemsö will be applying to list these bonds on NASDAQ OMX Stockholm.

“It’s positive that this issue has attracted very good demand. This bond loan, which is on attractive terms, strengthens Hemsö’s capital base and supplements its current bank funding”, commented Kungsleden’s Chief Executive Thomas Erséus.

For more information, please contact:

Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46 (0)70 378 20 24
Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile 46 (0)70 690 65 65

www.kungsleden.se

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden 

Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 16 May 2012 at 8:00 a.m.

Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 31 March 2011, the property portfolio comprised 317 properties with a book value of SEK 15.5 bn. The portfolio was located in a total of 100 municipalities, mainly in southern and central Sweden. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.

Tags:

About Us

Kungsleden is a property company operating in Sweden and listed on Nasdaq Stockholm. We focus on owning, actively managing, improving and developing commercial properties long-term in the office, industry/warehouse and retail segments, in chosen growth regions such as Greater Stockholm, Greater Gothenburg, the Mälar Valley and southwestern Sweden. We offer appealing and functional premises in the right locations at the right price. Clustering our properties, ensuring a good local knowledge and being close to our customers allows us to quickly offer new solutions when our customers’ needs change.

Subscribe

Quotes

It’s positive that this issue has attracted very good demand. This bond loan, which is on attractive terms, strengthens Hemsö’s capital base and supplements its current bank funding.
Vd Thomas Erséus