Magnolia Bostad issues new senior unsecured green bonds of SEK 550 million
Magnolia Bostad AB (publ) ("Magnolia Bostad" or the "Company") has successfully issued three and a half year senior unsecured floating rate green bonds in an amount of SEK 550 million under a framework of up to SEK 700 million.The new bonds are due in April 2024 and carries a floating interest rate of STIBOR 3m + 7.50 per cent and the transaction was heavily oversubscribed. Magnolia Bostad intends to list the new bonds on the sustainable bond list of Nasdaq Stockholm. The proceeds from the bond issue will be used in accordance with the principles set out in the Green Bond Framework. “We