Samhällsbyggnadsbolaget i Norden AB has repurchased bonds
Samhällsbyggnadsbolaget i Norden AB (publ) (“the Company”), parent company of SBB i Norden AB (publ), today announces that it has repurchased bonds with a nominal value of SEK 65,000,000. The repurchase relates to unsecured bonds issued by the subsidiary SBB i Norden AB (publ) with a nominal amount outstanding of SEK 600,000,000 including the volume now repurchased by the Company. The bonds have a floating rate corresponding to STIBOR 3m plus 6.25 percent and are due in June 2018 (ISIN: SE0009470115). The purchase price corresponds to 101.73 percent of the remaining outstanding nominal value of the bonds, i.e. approx. SEK 66.124.500.
Following the purchase, the company’s holding in the above mentioned bonds amounts to a nominal amount of SEK 110,000,000.
”We continue to focus on consolidating our balance sheet and strengthen the company’s financial position. This repurchase is a part of this process.” says Ilija Batljan, Founder and CEO of Samhällsbyggnadsbolaget i Norden.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, email@example.com
This information is information that SBB 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 March 2, 2018, at 18.43 CET.
About SBB i Norden AB (publ)
SBB i Norden’s notes are traded on the corporate bond list of Nasdaq Stockholm (symbol SBBIN 001 and SBBIN 002). The Company is a wholly owned subsidiary of Samhällsbyggnadsbolaget i Norden AB (publ). SBB i Norden owns residential and community real estate in all of Sweden and community real estate in the Nordic countries. The Company’s business idea is to be a natural and reliable partner to the public sector in the Nordic countries by long-term perspective of owing, managing and developing community properties. The Company also aims to acquire, develop, construct and manage residential properties and by being a community service builder and long-term partner to municipalities, countries and state authorities work actively with the aim of creating residential building rights. More information about the Company is available at www.sbbnorden.se/sbb-norden-ab.