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 4 September 2026 and carries a fixed coupon of 1.125%. The issuance was oversubscribed and will settle on 4 September 2019 with listing on Euronext Dublin.
The proceeds from the senior bond issuance will be used for repayment of existing secured bank debt and for general corporate purposes.
“This transaction in the European debt capital markets is an important milestone in our journey towards a BBB flat rating and we look forward to coming updates of our credit rating. The transaction was more than three times oversubscribed and diversifies our investor base and further extends our average debt maturity,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
Citi, Deutsche Bank, JP Morgan 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]