SBB has swapped its $100 million of Unsecured Bonds within US Private Placement to Euro at good rates

Report this content

Not for release, publication or distribution in the United States of America

Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has swapped its US Private Placement (“USPP”) of USD 100 million to Euro. Interest rate that SBB will be paying is: for 5-years USPP Euribor 3 months + 2.645% and interest rate for 10 years USPP is Euribor 3 months + 2.872%.

“SBB shows once again strong continuous access to the global capital markets and with interest rate margins that are far below the margins shown on the screen when trading in our Euro-bonds. After the end of the quarter, SBB has agreed on divestments for SEK 4.6 billion. This, together with SEK 1.3 billion from divestments done in the second quarter to be paid to SBB in the third quarter, gives approximately SEK 6 billion which decreases pro forma our LTV to 43%. we are happy that our low risk assets have attracted long financing from large institutional investors in the US and we will continue with sales of an additional SEK 5-7 billion before the end of the year in order to continue strengthening our balance sheet,” says 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, ilija@sbbnorden.se

Disclaimer

This document is not for publication or distribution in the United States of America, and it does not constitute, and should not be construed as, an offer to sell, a solicitation of an offer to enter into any transaction or an invitation to subscribe for or purchase any securities in the United States of America. In particular, the document and the information contained herein should not be distributed, reproduced (in whole or in part), disclosed, forwarded, reviewed or otherwise transmitted into the United States of America or to publications with a general circulation in the United States of America. This announcement should not form the basis of or be relied upon in connection with any contract or commitment whatsoever or be taken as investment advice and the parties hereto make no representation as to the actual terms on which any future offering of securities may be entered into. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state, and may not be offered or sold in the United States of America or to, or for the account or benefit of, U.S. persons, absent registration under or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States of America.

Any disclaimer or other notice that may appear otherwise is not applicable to this communication and should be disregarded (other than any statement relating to the identity of the legal entity authorizing or sending this communication).

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.

Subscribe

Documents & Links