Kungsleden has extended the fixed interest term on its borrowing
Kungsleden AB (publ.) (”Kungsleden”) has extended the fixed interest term on its borrowing by entering into new interest rate swaps for the purpose of stabilizing cashflows and profits from property management in the coming years. The measure is financed partly by early termination of old interest rate swaps with low hedging effect.Kungsleden has entered into new interest rate swaps with total amount of SEK 4 billion at today´s interest rates. Of this SEK 3 billion is so-called forward starting swaps on a 3 years term starting at the beginning of the year 2020. Additional interest rate