Printer Friendly

Magnolia Bostad evaluating SEK700m senior unsecured bond issue.

Global Banking News-September 18, 2018-Magnolia Bostad evaluating SEK700m senior unsecured bond issue

(C)2018 ENPublishing -

Magnolia Bostad (STO:MAG) announced on Monday that it has mandated Nordea Bank as sole arranger for a potential four year, SEK denominated, senior unsecured bond issue.

This new bond will have a framework of approximately SEK700m and will have an initial issue volume of approximately SEK400m.

Reportedly, the proceeds from the potential transaction are to be used for financing Magnolia Bostad's continued expansion, refinancing of part of existing debt (including bonds) and new acquisitions.

Also, in connection with the new bond issue, Magnolia Bostad may evaluate a potential partial repurchase of that outstanding SEK500m.

Magnolia Bostad develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden's growth areas and major cities.


((Distributed via M2 Communications -

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Sep 18, 2018
Previous Article:Lin BioScience announces US FDA RPD designation for LBS-008 to treat Stargardt Disease.
Next Article:Bundesbank says German slowdown could be temporary.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters