Samhällsbyggnadsbolaget i Norden AB issues hybrid bonds for SEK 300 million
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) issues further hybrid bonds for SEK 300 million. This is in addition to the SEK 700 million outstanding hybrid bonds and it fully utilises the framework amount of SEK 1,000 million. The hybrid bonds are perpetual instruments and carry an initial floating rate coupon of 3m Stibor + 700 basis points. The new hybrid bonds will be issued at a price of 106.1% of nominal amount corresponding to a spread of 600 basis points. The hybrid bonds are reported as equity and will strengthen SBB from a rating’s perspective through the treatment of the