Kungsleden extends the fixed interest term of its borrowings and terminates old interest swaps
To secure future cash flows and profits from property management, Kungsleden has increased the fixed interest term of its borrowings by entering into new interest rate swaps. In parallel, Kungsleden has terminated old and expensive interest rate swaps with a high fixed interest rate.Kungsleden AB (publ) has, at current interest rates, entered into new interest rate swaps with a notional amount of SEK 6.6 bn with the aim to extend the fixed interest term of its borrowings. At the same time, old interest rate swaps with a notional amount of SEK 1 bn have been terminated and other old swaps