Nivika contemplates to issue new senior unsecured green bonds
NOT FOR DISTRIBUTION IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Nivika Fastigheter AB (publ) ("Nivika" or the "Company") has mandated Danske Bank A/S, Danmark, Sverige filial ("Danske Bank") and Nordea Bank Abp ("Nordea") to act as arrangers and joint bookrunners to evaluate the conditions for issuing senior unsecured green floating rate bonds in an expected amount of SEK 400 million under a total framework of SEK 800 million and with a contemplated maturity of 3.25 years (the "Green Bonds" and the “Green Bond Issue”). Subject to market conditions, a capital markets transaction may follow.
In connection with the Green Bond Issue, the Company launches a new green financing framework (the “Framework”) on which Danske Bank has acted as the sole green structuring advisor. The Framework has received a second-party opinion from Sustainalytics, verifying its credibility, impact and alignment with the ICMA Green Bond Principles (2021) and the LMA/APLMA/LSTA Green Loan Principles (2023).
Danske Bank and Nordea have been mandated to act as arrangers and joint bookrunners in connection with the issue of the Green Bonds. Advokatfirman Cederquist KB is acting as legal counsel to the Company in connection with the Green Bond Issue.
For more information, please contact:
Kristina Karlsson, CFO & IR, mobile: +46 70 614 20 20, email: kristina@nivika.se
About Nivika
Nivika is a real estate company in Småland with focus on long-term ownership, property management and efficient new development to create profitable and sustainable value growth. The Company primarily operates in Jönköping, Värnamo, Växjö and the West coast of Sweden, areas with growth opportunities and stable rental markets. The diversified real estate portfolio amounts to app. SEK 11 billion, of which two-thirds of the rental value is commercial real estate and one-third residentials. More than 90 % of the portfolio consists investment properties. The commercial properties mainly consist of industrial, warehouse, office and community service properties. Please read more at www.nivika.se.
