Wihlborgs restructures interest-rate derivative portfolio

12/6/2018 1:00 PM

Existing interest-rate derivatives were cancelled, and new interest-rate derivatives were entered into. A deficit value of approximately SEK 940 million was thereby realised. After the transactions, the average fixed-interest period is 3.5 years. The average interest rate in the loan portfolio, including the effect of interest-rate derivatives, is now 1.39 percent compared to 2.35 percent as of end September 2018. The average loan maturity is 6.0 years.

Wihlborgs’ total loan portfolio amounts to about SEK 22.9 billion and the interest-rate risk has in recent years been managed through an interest-rate derivative portfolio with a nominal value of SEK 9.5 billion. The derivative portfolio has consisted of both regular interest-rate swaps and structured instruments. As part of restructuring, all existing interest-rate derivatives were cancelled. New derivative positions with a nominal value of SEK 9.4 billion have been entered into and these consist only of regular interest-rate swaps, and no structured derivates are currently included in the portfolio.

Wihlborgs Fastigheter AB (publ)

This information is of such a kind that Wihlborgs Fastigheter AB (publ) is legally required to disclose pursuant to the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the above contact person on 6 December 2018, at 2.00 p.m. CET. 

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 of the company’s properties totals SEK 40.3 billion, representing an annual property rental value of SEK 2.9 billion.

Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.