Samhällsbyggnadsbolaget i Norden AB has entered into new swap agreements and now 100 per cent of its loans have a fixed interest rate
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") now has 100 per cent of its loans with a fixed interest rate through the entering into of swap agreements totaling SEK 2 billion with maturities of six years (SEK 1 billion) and 10 years (SEK 1 billion). Together with previously fixed interest loans, 100 percent of SBB's loans are now with a fixed interest rate with an average maturity of approximately five years.
"SBB's social infrastructure properties are characterised by long contracts with an adjusted weighted average lease term of approximately 10 years. Long-term leases combined with 100 per cent of loans now being fixed at a low interest provides very secure long-term cash flows. From a risk perspective, SBB can be seen as a municipal bond with an increasing return, since more than 90 percent of our revenue comes directly or indirectly from the state or municipalities and Swedish rent regulated residentials," says Ilija Batljan, CEO and Founder of SBB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.