SBB extends available credit limits by a further SEK 2bn
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) reported in its Q1 2020 report that the company has unutilized credit facilities of SEK 7.1bn. The company has today added a new revolving credit facility, extending the credit limits after the end of the quarter by an additional SEK 2bn. This means that all loan maturities including commercial paper are covered for the next 24 months. SBB is also continuing its strategy of repurchasing bonds issued with higher interest rates. SBB's average debt maturity as of 31 May 2020 was 4.7 years.
"It is gratifying that SBB can repeatedly demonstrate the strength of our long-term financing strategy with long debt maturities and strong access to credit market with diverse funding sources", says Rosel Ragnarsson, Head of Finance, Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Rosel Ragnarsson, Head of Finance, +46 70 674 44 42, email@example.com
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: firstname.lastname@example.org / +46 84638300). More information about the company is available at www.sbbnorden.se.