Kungsleden issues bond loans of SEK 850 million

Kungsleden AB (publ.)(”Kungsleden”) has issued two senior unsecured bond loans with a duration of three respectively eighteen months under its MTN program. The loan amounts in total to SEK 850 million.

The three- year loan of SEK 250 million has a floating rate coupon of STIBOR 3M plus 1.8 per cent which corresponds to an initial coupon of about 1.38 per cent. The loan with a duration of eighteen months with a loan amount of SEK 600 million has a fixed rate equivalent to 1.5 year mid swap rate plus 1.2 per cent, with a coupon of 0.95 per cent. The average interest rate of the loans amounts to 1.08 per cent initially.

Proceeds from the bond issue will primarily be used to repay part of a short-term bank loan with the purpose of reducing the amount of secured debt.

Danske Bank acted as Sole Book Runner and Arctic Securities acted as Co-lead Manager in the transaction.

Kungsleden intends to list the bond loans on the corporate bond list of NASDAQ Stockholm.

For more information, please contact:

Biljana Pehrsson, Chief Executive of Kungsleden | 46 (0)8 503 052 04 | biljana.pehrsson@kungsleden.se
Anders Kvist, Deputy CEO and CFO of Kungsleden | 46 (0)8 503 052 11 | anders.kvist@kungsleden.se

www.kungsleden.se

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

The information was provided for public release on 12 January, 2018 at 07:00 a.m.

Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.

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.