Magnolia Bostad issues subsequent senior unsecured green bonds of SEK 225 million
Magnolia Bostad AB (publ) ("Magnolia Bostad") has successfully issued subsequent senior unsecured floating rate green bonds due March 2025 in an amount of SEK 225 million under the existing framework of SEK 1,000 million (ISIN SE0015659636) (“Subsequent Green Bonds”). Following the Subsequent Green Bond issue, in total SEK 725 million will be outstanding under the framework.
The Subsequent Green Bond issue was substantially oversubscribed and price was set to 102.4 per cent. of nominal amount corresponding to a coupon of STIBOR 3m plus 6.13 per cent. The Subsequent Green Bonds will be listed on Sustainable Bond List of Nasdaq Stockholm.
“This is our first capital market transaction following being acquired by F. Holmström Fastigheter and Areim and it is with great delight we note a continued strong support from Nordic bond investors. The proceeds from the Subsequent Green Bond issue will provide us with additional funding which we will use to continue developing our portfolio of self-managed properties,” comments Fredrik Westin, Deputy CEO and CFO.
Nordea Bank Abp has acted as sole arranger and bookrunner. Gernandt & Danielsson acted as legal advisor in respect of the issue.
For further information, please contact Magnolia Bostad at:
Fredrik Westin, Deputy CEO and CFO
+46 72 720 00 06, [email protected]