Kungsleden issues a bond loan of SEK 375 m
Kungsleden AB (publ) issues a two year senior unsecured bond loan on the Swedish capital market. The bond loan amounts to SEK 375 m and has a final maturity date in May 2017.
The bond loan pays a fixed rate coupon of 1.20 per cent. Kungsleden intends to list the bond loan on the corporate bond list of Nasdaq Stockholm in the coming 12 months.
“We are delighted to see a high level of interest from investors at an attractive level. The continued implementation of Kungsleden’s business strategy, which focuses on long-term management and higher quality in the property portfolio in combination with lower financial risk, now pays off on the levels that Kungsleden can borrow at on the Swedish capital market. Bonds diversify 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 2010/2015, which matures in April 2015 with a floating rate coupon corresponding to STIBOR 3M plus 3,17 per cent and for general corporate purposes.
Nordic Fixed Income, a company in the Catella Group, has been the financial advisor and sole arranger and Mannheimer Swartling Advokatbyrå has been the legal advisor to Kungsleden.
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 24 April 2015 at 03:00 p.m.
Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ Stockholm since 1999.