Kungsleden issues a bond loan of SEK 700 m
Kungsleden AB (publ) issues a three year senior unsecured bond loan on the Swedish capital market. The bond loan amounts to SEK 700 m under a loan frame amounting to SEK 1,000 m and has a final maturity date in December 2016.
The bond loan pays a floating rate coupon corresponding to STIBOR 3M plus 1.95 per cent. Kungsleden intends to list the bond loan on the corporate bond list of NASDAQ OMX Stockholm.
“By issuing this bond Kungsleden returns to the bond market after a few years´ absence. We are delighted that investor interest was high. Bonds spread the risks in our combined borrowings and are an important ingredient in our funding mix. Kungsleden intends to be a recurring bond issuer,” says Biljana Pehrsson, CEO of Kungsleden.
The proceeds from the bond issue will be used to refinance Kungsleden’s bond loan 2011/2014 of SEK 600 m which matures in March 2014 and for general corporate purposes.
ABG Sundal Collier AB and Swedbank AB have been the financial advisers and Mannheimer Swartling Advokatbyrå has been the legal advisor to Kungsleden.
For more information, please contact:
Biljana Pehrsson, Chief Executive of Kungsleden | Phone +46 (0)8 503 052 04
Anders Kvist, Deputy CEO and CFO of Kungsleden | Phone +46 (0)8 503 052 11
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 13 December 2013 at 11:00 a.m.
Kungsleden’s business concept is to own, manage and enhance properties in Sweden’s growth regions, and to generate sustainable high and stable returns. The focus on value creation is by satisfying customers’ needs for premises, managing and enhancing properties, and optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ OMX Stockholm since 1999.