Magnolia Bostad issues additional corporate bonds of SEK 200 million
Magnolia Bostad AB (publ) (“Magnolia Bostad”) has decided to issue unsecured corporate bonds on the Nordic market under its outstanding 2016/2021 bond loan framework.
On 13 October 2016, Magnolia Bostad issued an unsecured bond loan of SEK 400 million within a total framework of SEK 1,000 million (ISIN: SE0009155625). Magnolia Bostad has now decided to issue additional bonds of SEK 200 million under its outstanding bond loan framework, which means that the total volume now amounts to SEK 600 million.
The existing bonds are listed on Nasdaq Stockholm and Magnolia Bostad will apply for the newly issued bonds to be admitted trading on Nasdaq Stockholm.
The proceeds are to be used for general corporate purposes including Magnolia’s continuous expansion.
The bond issue was successfully placed, manly amongst Swedish investors, supported by additional demand from other Nordic countries.
Pareto Securities has acted as financial advisor in the transaction and Roschier has been the legal advisor to Magnolia Bostad.
For more information, please contact:
Fredrik Lidjan, CEO
+46 70 223 43 47, fredrik.lidjan@magnoliabostad.se
Fredrik Westin, CFO
+46 70 943 73 31, fredrik.westin@magnoliabostad.se
The information in this press release is such information that Magnolia Bostad AB is obliged to make public according to the Securities Market Act. The information was submitted for publication, through the agency of the contact persons set above, on March 8, 2018 at 4:45 pm.
Magnolia Bostad develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden’s growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's share (MAG) is listed on Nasdaq First North Premier. Erik Penser Bank is the Certified Adviser for the Company. More information is available at www.magnoliabostad.se
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