Stockholm-listed property investor Catella has issued new senior unsecured green bonds in an amount of SEK 600 mln (€53 mln).
The bonds come with a floating interest rate of 3 months STIBOR plus 3.90% under its medium-term note programme, with a tenor of 3.5 years.
Catella intends to apply for admission to trading of the New Green Bonds on the sustainable bond list of Nasdaq Stockholm.
The proceeds from the New Green Bonds will be used in accordance with Catella's green bond framework, including to repurchase existing bonds under the tender offer.
Catella has offered holders of its outstanding senior unsecured floating rate bonds with an outstanding nominal amount of SEK 1.25 bn (€11o mln) to tender their existing bonds for purchase for cash at a price of 100.95% of the nominal amount, plus accrued and unpaid interest.
Settlement for those who participated in the tender offer is expected to occur around 6 September.
DNB Bank and Nordea Bank Abp acted as joint arrangers and bookrunners and as dealer managers and tender agents, while Advokatfirman Cederquist acted as legal counsel.
The issuing of new senior unsecured green bonds comes only a week after Catella announced a new program for issuing debt securities worth up to SEK 3 bn (€262 mln).
