Magnolia Bostad issues new four-year unsecured bonds of SEK 500 million
Magnolia Bostad has successfully issued unsecured bonds in an amount of SEK 500 million under a framework of up to SEK 700 million.The new bonds are due in October 2022 and carries a floating interest rate of STIBOR 3m + 8.50 per cent. Magnolia Bostad intends to list the new bonds on the corporate bond list at Nasdaq Stockholm.The proceeds from the bond issue will be used to finance Magnolia Bostad's continued expansion, refinancing of existing debt (including bonds) and new acquisitions. Nordea Bank AB (publ) has acted as financial advisor for the bond issue. For further information,