Wihlborgs co-owner of a new finance company with a MTN program amounting to SEK 8,000 million
Through the co-owned finance company Nya Svensk FastighetsFinansiering AB, Wihlborgs Fastigheter will effectively reach the capital market through a secured MTN program. This is a way to cost-effectively broaden the base of the company's funding structure in a situation where the capital market has a great demand for corporate bonds.
Wihlborgs Fastigheter AB, Catena AB, Diös Fastigheter AB, Fabege AB and Platzer Fastigheter Holding AB are the joint owners of Nya Svensk FastighetsFinansiering AB with 20 percent each. The Company's financing activities will start in February 2015.
˗ Through the co-owned Nya Svensk FastighetsFinansiering AB, Wihlborgs accesses a new source of financing complementing the current funding structure. In combination with the MTN-program for senior unsecured bonds which we established at the end of last year, it gives us a good flexibility in our financing, says Anders Jarl, CEO of Wihlborgs Fastigheter AB.
Wihlborgs Fastigheter AB (publ)
The information is such that Wihlborgs may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.00 (CET) on 12 January 2015.
Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company. The book value for the Company’s properties totals SEK 23.5 billion. The annual rental value of the properties is SEK 2 billion.
Wihlborgs shares are quoted on the Mid Cap List of the OMX Nordic Exchange.
Contact information
For further information please contact:
Anders Jarl, CEO, +46 40 690 57 10
Arvid Liepe, CFO, +46 40 690 57 31