Wihlborgs co-owner of finance company issuing bonds under new MTN programme with a limit of SEK 5,000 million
Wihlborgs uses a new method of financing through its co-owned finance company Svensk Fastighetsfinansiering AB (SFFAB) and borrows SEK 289 million in a three-year bond program. The first issue will take the form of a three-year bond of SEK 650 million, which will be guaranteed by mortgages. The bonds carry a fixed interest rate of 3.65% and a FRN loan (SEK 250m).
Wihlborgs, Fabege, Peab and Brinova are the joint owners of SFFAB. Wihlborgs has a 30 per cent holding.
“SFFAB has provided Wihlborgs, with its loan liability of SEK 10 billion, with a new source of financing for future loan requirements,” says Anders Jarl CEO of Wihlborgs Fastigheter.
Wihlborgs Fastigheter AB (publ)
This is information that Wihlborgs must publish in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act.
The information was submitted for publication on Tuesday, 13 December at 15:00.
Contact information
Anders Jarl, CEO, +46 (0)40-690 57 10, +46 (0)733-71 17 10
Christer Johansson, CFO, +46 (0)40-690 57 06, +46 (0)733-71 17 06