Magnolia Bostad issues new senior unsecured green bonds of SEK 500 million
Magnolia Bostad AB (publ) ("Magnolia Bostad") has successfully issued four year senior unsecured floating rate green bonds in an amount of SEK 500 million under a framework of up to SEK 1,000 million.The new bonds are due in March 2025 and carries a floating interest rate of STIBOR 3m plus 6.90 per cent and the transaction was heavily oversubscribed. Magnolia Bostad intends to list the new bonds on the sustainable bond list of Nasdaq Stockholm. An amount equivalent to the net proceeds from the bond issue will be applied in accordance with the principles set out in Magnolia Bostad’s Green