Genova successfully issues subsequent green hybrid bonds in the amount of SEK 200m under outstanding green framework
Genova Property Group AB (publ) (the “Company” or “Genova”) has successfully issued subsequent green hybrid bonds in the amount of SEK 200m under its outstanding green finance framework of SEK 1,250m (the “Green Hybrid Bonds”). After the issue of the Green Hybrid Bonds, a total amount of SEK 700m will be outstanding under the green finance framework. The Green Hybrid Bonds carry a perpetual tenor and was issued at a price of 101% of nominal amount representing ca. 3 months STIBOR plus 650 basis points. Genova intends to apply for listing of the Green Hybrid Bonds on the sustainable bond