SBB has repurchased bonds
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) today announces that SBB:s subsidiary in Norway B121 Holding AS (914 392 241) has repurchased bonds with a nominal value of NOK 130,000,000. The repurchase relates to junior bonds issued by the subsidiary B121 Holding AS with a nominal amount outstanding of NOK 390,000,000 including the volume now repurchased by SBB. The bonds have a fixed rate corresponding to 5.75 percent and are due in December 2020. The purchase price corresponds to 104.5 percent of the remaining outstanding nominal value of the bonds.
Following the purchase, SBB’s holding in the above mentioned bonds amounts to a nominal amount of NOK 135,000,000.
”We continue to focus on strengthen the company’s financial position. This repurchase is a part of this process.” says Ilija Batljan, Founder and CEO of Samhällsbyggnadsbolaget i Norden.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, firstname.lastname@example.org
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 preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (www.penser.se). More information about the company is available at www.sbbnorden.se.