Nyfosa issues senior unsecured bonds of MSEK 750
Nyfosa AB (”Nyfosa”) has successfully placed MSEK 750 senior unsecured bonds within the current framework of BNSEK 1.5 (ISIN: SE0012569655) with final maturity in May 2022. Total outstanding volume after the issue amounts to BNSEK 1.5. The previously issued bonds are listed on Nasdaq Stockholm and Nyfosa will apply for the new issued bonds to be admitted to trading on Nasdaq Stockholm as well.
The bonds were issued at a price of 101.6%, which implies an interest margin of 300 basis points. The bonds have a floating interest rate of STIBOR 3M + 375 basis points.
The proceeds from the bond issue will be used for general corporate purposes including potential property acquisitions in line with Nyfosa’s strategy and growth targets. Nyfosa’s growth target is to reach an annual growth in earnings and property holdings of at least 20 percent, up to a total property value of BNSEK 25.
SEB and Swedbank have acted as Joint Bookrunners and Cederquist has acted as legal advisor in the transaction.
For more information, please contact:
Jens Engwall, CEO, jens.engwall@nyfosa.se, tel: +46 706 906 550
Johan Ejerhed, Head of Finance, johan.ejerhed@nyfosa.se, tel: +46 703 939 887
The information was submitted for publication through the agency of the contact persons set out above on November 21, 2019 at 3:35 p.m. CET.
About Nyfosa
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of September 30, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 18.3 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.
Tags: