Peab issues bonds and signs a five year credit agreement
Peab has issued unsecured bonds for a total of SEK 1,000 million that run for three, four and five years. These transactions are so-called private placements.
Peab has also signed a new five year credit agreement with DnB NOR for SEK 200 million which supplements the existing credit agreement of SEK 300 million due in 2013.
- Through these transactions we have extended our base financing while we continue to diversify our borrowing from sources that are not part of the traditional bank market, says Jesper Göransson, CFO at Peab
For further information, contact:
Jesper Göransson, Deputy CEO Peab + 46 733 371013
Fredrik Wahrolén, Head of Communication + 46 733 371007
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 8.30.a.m. 7 November 2011.
Peab is one of the leading construction and civil engineering companies in the Nordic countries with 15,000 employees and a net sale amounting to around SEK 40 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.