Samhällsbyggnadsbolaget has successfully issued SEK 400 million of hybrid bonds

Samhällsbyggnadsbolaget i Norden AB (publ) (”Samhällsbyggnadsbolaget”) announced on 22 September 2017 a hybrid bond issue with perpetual maturity within a framework amount of up to SEK 1,000 million. The initial issue size was SEK 400 million with a floating rate coupon of STIBOR + 7.0% margin up to the first call date 5.5 years from the issue date.  

”This issue, and especially the oversubscribed book, shows that the institutional investors continue to show a strong support for the company and our strategy. Samhällsbyggnadsbolaget issues as the second real estate company in the Nordics on documentation that, from a rating perspective, is expected to strengthen the equity position corresponding to half of the issued amount. This further strengthens our financial position towards our target of acquiring an Investment Grade rating before the end of 2018.” says Ilija Batljan, CEO and founder of Samhällsbyggnadsbolaget i Norden AB.

Nordea acted as financial advisor in the transaction.

For more information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se

This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on September 22, 2017, at 17.35 CET.

About Samhällsbyggnadsbolaget i Norden AB (publ)

The company’s shares of series B are listed on Nasdaq First North (short name SBB B). Certified Adviser is Remium Nordic AB (www.remium.com). The company’s strategy is to own, manage and develop residential and community service properties throughout the Nordic region. Through the company's commitment and engagement in to civic issues, municipalities and other stakeholders will find the company an attractive long-term partner. More information about the company is available at www.sbbnorden.se.

Subscribe