Nyfosa successfully issues a new green bond and announces the results of the tender offer
Nyfosa AB (publ) (“Nyfosa” or the “Company”) has successfully issued a new senior unsecured green bond with a volume of SEK 1,000,000,000 within a framework amount of SEK 2,000,000,000 (the “New Bonds”). The New Bonds have a three year tenor and a floating rate interest of 3M STIBOR +3% per annum. Nyfosa intends to list the New Bonds at Nasdaq Stockholm, Sustainable Bond List. The proceeds from the bond issue will be used in accordance with the Company’s newly established Green Finance Framework and to repurchase the Company’s outstanding 2019/2022 Bonds with ISIN SE0012569655 (”the 2019/2022 Bonds”).
In a press release dated April 19, 2021, Nyfosa announced a tender offer for the 2019/2022 Bonds in which the Company offered holders to repurchase a nominal amount of up to around SEK 500,000,000 at a price of 101.85% of the nominal amount plus accrued but unpaid interest (the “Tender Offer”). The Tender Offer was updated on April 23 in accordance with the terms of the Tender Offer and the transaction cap was raised to approximately SEK 600,000,000 instead of approximately SEK 500,000,000. The Tender Offer expired 2 p.m. CEST April 23, 2021 and holders of a nominal amount of SEK 627,750,000 have accepted the Tender Offer, which Nyfosa intends to repurchase. Settlement of the Tender Offer is expected to occur around April 30, 2021.
For more information, please contact:
Stina Lindh Hök, CEO, Nyfosa, stina.lindh.hok@nyfosa.se, mobile +46 (0)70-577 18 85
Johan Ejerhed, Head of Finance, johan.ejerhed@nyfosa.se, mobile +46(0)70-393 98 87
The information is inside information that Nyfosa AB is obligated to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the aforementioned contact person on 23 April 2021 at 5.35 p.m. CEST
About Nyfosa
Nyfosa is a transaction-based property company that creates value by accumulating sustainable cash flows and continuously evaluating new business opportunities. Our opportunistic investment strategy enables acquisitions in various geographies and categories, but we prioritize commercial properties in high-growth municipalities. We manage and develop our properties in close collaboration with tenants and the surrounding community, with the perspective that sustainability and profitability go hand in hand. As of March 31, 2021, Nyfosa’s property value amounted to approximately SEK 30.6 billion. Nyfosa's share has been listed on Nasdaq Stockholm Large Cap since 2018. Read more at www.nyfosa.se.
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