SBB has bought back bonds in both SBB and Hemfosa
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the ”Company”) today announces that SBB has bought back most of the four senior unsecured bonds issued by SBB and its subsidiary Hemfosa Fastigheter AB (“Hemfosa”) maturing until May 2021. SBB now owns SEK 1,435m of the Company’s senior unsecured bond of SEK 1,500m ((ISIN: SE0009805468) maturing on 6 April 2020. Furthermore, SBB has bought back SEK 750.4m of Hemfosa’s senior unsecured bond of SEK 1,000m (ISIN: SE0009664337) maturing on 1 September 2020. In addition, SBB owns SEK 711m of the Company’s senior unsecured bond of SEK 750m (ISIN: SE0010414581) maturing on 29 January 2021 and has bought back SEK 466m of the Company’s senior unsecured bond of SEK 474m (ISIN: SE0010985713) maturing on 17 May 2021. SBB has thus bought back SEK 3 362.4m of the total issued amount of SEK 3 724m. SBB have no other outstanding senior unsecured bonds maturing during the next 12 months.
“We have strong liquidity, backed by safe cash flows, and have continued to repurchase bonds in order to continue lowering SBBs long-term financial costs. Our clear focus is to achieve a BBB + rating and these buy backs of bonds with shorter maturities are part of this", comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
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.