Magnolia Bostad issues bond of SEK 400 million
Magnolia Bostad AB issues a 5-year senior unsecured bond loan of SEK 400 million pursuant to a bond frame up to SEK 1 billion.The bond has a coupon of STIBOR 3M + 7.25 percent, without a STIBOR-floor, with quarterly interest payments and final maturity in October 2021. Magnolia Bostad will apply for listing of the bond on Nasdaq First North with a subsequent transfer of listing to Nasdaq Stockholm no later than 1 year after settlement. The bond issue was placed successfully among the mainly Swedish investors, supported by further demand from other Nordic countries and continental Europe