Genova contemplates to issue new green bonds
Genova Property Group AB (publ) (the "Company” or "Genova”) has mandated Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) as joint bookrunners to arrange debt investor meetings from and including 19 August 2024 to investigate the possibility to issue new senior unsecured green bonds denominated in SEK with an expected issue amount of SEK 300 million and a tenor of 3.25 years under a total framework amount of SEK 650 million (the "Green Bonds”). A capital market transaction may follow, subject to, among other things, prevailing market conditions.
The Company has mandated Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) to act as arrangers and joint bookrunners in respect of the issuance of the Green Bonds. Swedbank AB (publ) has acted Sole Structuring Advisor for the Company’s green finance framework. Gernandt & Danielsson Advokatbyrå KB acts as legal advisor.
For further information, please contact:
CEO, Michael Moschewitz, mobile +46 (0)70-713 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 Greater Stockholm area and Uppsala Region. On 30 June 2024, the value of the company's property portfolio amounted to approximately SEK 9.5 billion with a lettable area of approximately 340,000 sqm and the company held approximately 9,344 building rights for residential units. Genova's share has been listed on Nasdaq Stockholm since 2020.
Genova – Smålandsgatan 12 – SE-111 46 Stockholm – www.genova.se