Wihlborgs issues guaranteed bond
Wihlborgs Fastigheter AB has successfully issued a senior guaranteed SEK 300m floating rate bond with a term of five years in the Swedish bond market.
The bond carries an interest of three months STIBOR plus 55 basis points and has final maturity on February 18, 2019. The bond is guaranteed by Skåne Regional Council, who in turn has a pledge in the property Landsdomaren 6 in Lund for which Skåne Regional Council has a 20 year rental agreement with Wihlborgs. As compensation, Wihlborgs will pay a guarantee fee to Skåne Regional Council throughout the term of the bond.
Wihlborgs will apply for the bond to be listed on NASDAQ OMX Stockholm.
‒ The purpose of the bond issuance is to further diversify the Group's financing at the same time as we have succeeded in creating a structure which is positive also for Skåne Regional Council, says Anders Jarl, CEO of Wihlborgs Fastigheter AB.
Wihlborgs Fastigheter AB (publ)
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 22.6 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