Kungsleden issues a bond loan of SEK 600 m
Kungsleden AB (publ) issues a three year senior unsecured bond loan on the Swedish capital market. The bond loan amounts to SEK 600 m under a loan frame amounting to SEK 1,000 m and has a final maturity date in June 2019.
The bond loan pays a floating rate coupon corresponding to STIBOR 3M plus 3.5 per cent which corresponds to an initial coupon of about 3 per cent. Kungsleden intends to list the bond loan on the corporate bond list of NASDAQ Stockholm.
“We are delighted that investor interest was high. Bonds spread the risks in our combined borrowings and are therefore an important funding source for Kungsleden” says Biljana Pehrsson, CEO of Kungsleden.
The proceeds from the bond issue will be used to refinance Kungsleden’s bond loan 2013/2016 of SEK 700 m which matures in December 2016 and for general corporate purposes.
Arctic Securities and Nordea have been the financial advisers and Mannheimer Swartling Advokatbyrå has been the legal adviser 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 17 June 2016 at 8:00 a.m.
Kungsleden owns, manages and develops office and other commercial properties in Stockholm and Sweden’s additional growth markets. We create value by providing attractive and functional premises in the right location at the right price. A significant part of our properties are gathered in clusters, which enrich people’s workday. Kungsleden’s goal is to deliver attractive total returns on our properties and to our shareholders.