SBB elects to repay additional SEK 3.9 billion in secured bank debt as part of its ambition to achieve a BBB+ rating - financial costs decrease by SEK 88 million
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) is planning, as of 31 January 2020, to repay a secured bank loan of SEK 3.9 billion. The repayment results in lower financial costs on a 12-month rolling basis (everything else being equal) of SEK 88 million. The repayment is part of SBB's aim to achieve a BBB+ rating. SBB will continue to repay bank loans.
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) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.