Hemsö Fastighets, a 50/50 joint venture held by listed company Kungsleden and the Swedish Third Pension Insurance Fund (AP3), is issuing a three-year, unsecured bond loan on the Swedish market to strengthen its capital base. The nominal amount is SEK 750 mln (EUR 82 mln).
Hemsö Fastighets, a 50/50 joint venture held by listed company Kungsleden and the Swedish Third Pension Insurance Fund (AP3), is issuing a three-year, unsecured bond loan on the Swedish market to strengthen its capital base. The nominal amount is SEK 750 mln (EUR 82 mln).
The loan is at variable interest and matures in 2015. Hemsö will be applying to list the bonds on Nasdaq OMX Stockholm.
'It’s positive that this issue has attracted very good demand. This bond loan, which is on attractive terms, strengthens Hemsö’s capital base and supplements its current bank funding,' commented Kungsleden's chief executive Thomas Erséus.
