Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) reported in its Q1 2020 report that the company has unutilized credit facilities of SEK 7.1bn. The company has today added a new revolving credit facility, extending the credit limits after the end of the quarter by an additional SEK 2bn. This means that all loan maturities including commercial paper are covered for the next 24 months. SBB is also continuing its strategy of repurchasing bonds issued with higher interest rates. SBB’s average debt maturity as of 31 May 2020 was 4.7 years.
“It is gratifying that SBB can repeatedly demonstrate the strength of our long-term financing strategy with long debt maturities and strong access to credit market with diverse funding sources”, says Rosel Ragnarsson, Head of Finance, Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Rosel Ragnarsson, Head of Finance, +46 70 674 44 42, [email protected]