Genova considers amending and restating the terms and conditions for its existing senior unsecured bond due 2024 and subsequent issue of green senior unsecured bonds due 2024

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Amending and restating the terms and conditions for senior unsecured bonds due 2024

On 9 September 2020 Genova Property Group AB (publ) (“Genova”) issued SEK 400m, under a framework of SEK 750m, of senior unsecured bonds due 9 September 2024 (ISIN SE0014808820) (the “Bond” or the “Bond Issue”). Since the Bond Issue, Genova has further increased its focus on sustainability and has also established a Green Finance Framework. Conditional upon the completion of the contemplated subsequent issue of green Bonds as described below, Intertrust (Sweden) AB, the agent representing the Bondholders, has upon Genova’s request agreed to amend the terms and conditions for the Bonds in accordance with Clause 17.1 (a) of the terms and conditions of the Bond in order to be able to classify the Bond as a ‘green’ Bond.

  Should the contemplated subsequent issue of green Bonds be completed, Genova will issue a press release and published the amended and restated terms and conditions on the following link: https://genova.se/investerare/obligationer/.

Contemplated subsequent issue of green Bonds

Genova has mandated Nordea Bank Abp as sole arranger and bookrunner to arrange a series of fixed income investor meetings commencing on 17 August 2021, to investigate the possibility to issue subsequent SEK denominated green Bonds under its existing Green Finance Framework. A capital market transaction will follow, subject to, inter alia, market conditions.

  The proceeds from the contemplated subsequent issue will be used in accordance with the Genova’s Green Finance Framework.

  The Green Finance Framework is available on the following link: https://genova.se/green-finance-framework/.
 

  Gernandt & Danielsson Advokatbyrå KB has been appointed as legal advisor in the transaction.

 

For further information, please contact:

  CEO, Michael Moschewitz, mobile +46 (0)707 13 69 39, michael.moschewitz@genova.se

 

ABOUT GENOVA

Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on the Greater Stockholm area and Uppsala Region. On 30 June 2021, the value of the company’s property portfolio amounted to approximately SEK 7.1 billion with a lettable area of approximately 243,000 sqm and the company held 6,782 building rights for residential units. Genova’s ordinary shares have been listed on Nasdaq Stockholm since 30 June 2020.

This information is such information that Genova Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 16 August 2021 at 08:45 CEST.

Genova Property Group – Smålandsgatan 12 – 111 46 Stockholm – www.genova.se

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