Wallenstam restructures its interest rate derivative portfolio
Wallenstam has carried out a restructuring of its interest rate derivative portfolio, as a consequence of the Swedish Parliament’s decision regarding interest deduction limitation rules. The restructuring will result in lower interest expense for Wallenstam in the future, and will provide a better basis for Wallenstam to continue with rental apartment production.By realizing the deficit on interest rate derivatives of SEK 776 million while simultaneously entering into new interest rate derivatives, Wallenstam has reduced its future average interest expense. The restructuring has no net