Brief: Genova Successfully Issues New Green Bonds, Announces Result Of Tender Offer And Exercises Right To Make An Early Redemption Of Existing Bonds

Genova Property AB

08/11/2023 17:34

Nov 8 (Reuters) - Genova Property Group Ab  GPGR.ST :
    * GENOVA SUCCESSFULLY ISSUES NEW GREEN BONDS, ANNOUNCES THE
RESULT
OF THE TENDER OFFER AND EXERCISES ITS RIGHT TO MAKE AN EARLY
REDEMPTION OF EXISTING BONDS
    * ISSUED SENIOR UNSECURED GREEN BONDS IN AN INITIAL AMOUNT
OF SEK
500 MILLION
    * TENDER OFFER HAS BEEN ACCEPTED BY HOLDERS OF OUTSTANDING
BONDS
REPRESENTING A TOTAL NOMINAL AMOUNT OF SEK 547.5 MILLION.
    * TOTAL BOND DEBT HAS DECREASED FROM APPROXIMATELY SEK 1,300
MILLION TO SEK 500 MILLION
    * INTENDS TO APPLY FOR ADMISSION TO TRADING OF NEW GREEN
BONDS ON
SUSTAINABLE BOND LIST OF NASDAQ STOCKHOLM
    * GENOVA PROPERTY - NEW GREEN BONDS ISSUED FOR SEK 750
MILLION,
CARRIES FLOATING INTEREST RATE OF 3M STIBOR+595 BPS & WILL
MATURE IN NOV 2026

Source text for Eikon:  ID:nWkr77tntz 
Further company coverage:  GPGR.ST 

 ((Reuters.Briefs@thomsonreuters.com;))