Wihlborgs restructures interest-rate derivative portfolio
Wihlborgs has restructured its portfolio of interest-rate derivatives following a review of the Group’s management of interest-rate risk.Existing interest-rate derivatives were cancelled, and new interest-rate derivatives were entered into. A deficit value of approximately SEK 940 million was thereby realised. After the transactions, the average fixed-interest period is 3.5 years. The average interest rate in the loan portfolio, including the effect of interest-rate derivatives, is now 1.39 percent compared to 2.35 percent as of end September 2018. The average loan maturity is 6.0 years.