Pareto advises ALM Equity AB (publ) on their successful placement of a SEK 325 million four-year senior unsecured bond

Pareto Securities has advised ALM Equity AB (“ALM Equity”), one of Sweden’s largest developers of residential apartments in the Greater Stockholm region, on their successful placement of a four-year SEK 325 million senior unsecured bond. The proceeds from the bond issue will be allocated towards general corporate purposes, including investments and acquisitions of land and property projects primarily in the Greater Stockholm region.

The bonds, maturing in March 2020, will bear a floating coupon of 3 months Stibor + 6.75% (paid quarterly). Listing of the bonds on Nasdaq First North is intended to take place within 30 days of settlement and subsequent listing on Nasdaq Stockholm no later than 1 year after settlement.  

The transaction was successfully placed among predominantly Swedish investors with additional participation from other Nordic countries as well as the US. Altogether, approximately 45 investors participated in the issue.   

“With this financing solution in place, ALM Equity achieves a more efficient and flexible balance sheet through diversifying its financing structure to include bond financing. The bond issue will allow the company to ramp-up investments in new residential property projects. Obtaining bond financing during unstable market conditions reflects the capital markets’ great trust in ALM Equity. This empowers our management team to continue developing and positioning ALM Equity and the bond issue is a step in the direction towards becoming the largest developer of residential tenant-owned apartments in the Greater Stockholm region” says Joakim Alm, CEO of ALM Equity.

For more information please contact Mats Carlsson, CEO, at +46 8 402 52 86

Pareto Securities AB is part of the Pareto Securities group. Pareto Securities is an independent investment bank focused on the Nordic market. Pareto Securities offers Nordic and non-Nordic institutions, companies and private individuals investment services related to trading in stocks, derivatives and fixed income instruments, equity research and advisory services within corporate finance. The Pareto Securities group has a total of more than 400 employees, with its headquarters in Oslo and offices in Sweden (Stockholm and Malmö), Norway, Denmark, Finland, United Kingdom, France, USA, Canada, Singapore and Australia.

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