Balder issues its first bond in Euro
Fastighets AB Balder (publ) has today issued EUR 1 billion in the European bond market. EUR 500 million were issued with a maturity of 5 years at a fixed interest rate of 1.24%, and 500 million were issued with a maturity of 8 years with a fixed interest rate of 2.00%. Balder issues bonds in euros to create a natural hedge of its currency risk that Balder has by owning assets in Denmark and Finland. The proceeds will primarily be used to repay secured debt with shorter maturities. For further information, please contact:CEO Erik Selin, tel. +46 706 074 790 orHead of Finance