Wallenstam issues bonds for SEK 400 million
Wallenstam has today carried out a bond issue of SEK 400 million. The loan runs for two years with a fixed interest rate of 0.48 percent. The bonds are unsecured.
The bonds will be used for future investments and restructuring of the loan portfolio. The bonds will be listed on Nasdaq Stockholm AB. Svenska Handelsbanken have acted as issuing agent.
The issue was carried out within the framework of the MTN program (Medium Term Notes), which was established on November 1, 2017 with the aim of creating a broader and more flexible supply of capital. To date, bonds of SEK 2.55 billion have been issued within the MTN program.
The program has a framework amount of SEK 5 billion and provides the opportunity to issue bonds in the Swedish market. Svenska Handelsbanken is the lead bank, and Nordea Bank, Svenska Handelsbanken and Swedbank are participating as issuing agents for the MTN program.
For further information:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 34
www.wallenstam.se
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 42 billion and the customer base consists of around 8,500 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.