Genova successfully issues subsequent green hybrid bonds in the amount of SEK 200m under outstanding green framework

Genova Property Group AB (publ) (the “Company” or “Genova”) has successfully issued subsequent green hybrid bonds in the amount of SEK 200m under its outstanding green finance framework of SEK 1,250m (the “Green Hybrid Bonds”). After the issue of the Green Hybrid Bonds, a total amount of SEK 700m will be outstanding under the green finance framework. The Green Hybrid Bonds carry a perpetual tenor and was issued at a price of 101% of nominal amount representing ca. 3 months STIBOR plus 650 basis points. Genova intends to apply for listing of the Green Hybrid Bonds on the sustainable bond list of Nasdaq Stockholm.

Carnegie Investment Bank AB (publ) has acted as sole arranger and bookrunner in connection with the issuance of the Green Hybrid Bonds. An amount equal to the net issue proceeds of the Green Hybrid Bonds, together with the amount raised in the initial issuance of green hybrid bonds on 5 March 2021, will be used in accordance with the green finance framework including redemption of the outstanding preference shares.

Gernandt & Danielsson Advokatbyrå KB has acted 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

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 20 May 2021 at 15:00 p.m. CEST.

ABOUT GENOVA

Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with a focus on Greater Stockholm and the Uppsala Region. On 31 March 2021, the value of the Company’s property portfolio amounted to approximately SEK 6.6 billion with a lettable area of approximately 230,000 sqm and the Company held 6,319 building rights for residential units. Genova’s preference shares and ordinary shares have been listed on Nasdaq Stockholm since 12 June and 30 June 2020, respectively.

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