Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has successfully issued a EUR 500m senior unsecured bond in the European debt capital markets. The bond will mature on 14 January 2025 and carries a fixed coupon of 1.750%. The issuance was oversubscribed and will settle on 14 May 2019 with listing on Euronext Dublin.
The proceeds from the senior bond issuance will be used mainly for repayment of existing secured bank debt and for general corporate purposes.
“Our second transaction in the European debt capital markets is an important milestone in our journey towards a BBB rating and we look forward to coming updates of our credit rating. The proceeds will allow us to continue to focus on redeeming existing secured indebtedness and new investments in social infrastructure, such as elderly care homes, group housing and schools in the Nordics and rent regulated residentials in Sweden,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
Citi, Deutsche Bank, DNB and Nordea acted as Joint Bookrunners.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on May 7, 2019, at 17:40 CET.