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% (SEK 400m) 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)
For further information please contact:
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
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.
Wihlborgs Fastigheter (publ) is a property company that focuses on commercial properties in the Öresund region. Its portfolio of properties is located in Malmö, Helsingborg, Lund and Copenhagen. Wihlborgs is the leading property company in Malmö, Helsingborg and Lund. The properties’ book value totals SEK 17.3 billion with an annual rental value of SEK 1.5 billion. Wihlborgs is listed on the OMX Nordic list, Mid Cap.