Not for release, publication or distribution in the United States of America
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has swapped its US Private Placement (“USPP”) of USD 100 million to Euro. Interest rate that SBB will be paying is: for 5-years USPP Euribor 3 months + 2.645% and interest rate for 10 years USPP is Euribor 3 months + 2.872%.
“SBB shows once again strong continuous access to the global capital markets and with interest rate margins that are far below the margins shown on the screen when trading in our Euro-bonds. After the end of the quarter, SBB has agreed on divestments for SEK 4.6 billion. This, together with SEK 1.3 billion from divestments done in the second quarter to be paid to SBB in the third quarter, gives approximately SEK 6 billion which decreases pro forma our LTV to 43%. we are happy that our low risk assets have attracted long financing from large institutional investors in the US and we will continue with sales of an additional SEK 5-7 billion before the end of the year in order to continue strengthening our balance sheet,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]
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