Hemsö Fastighets, a 50:50 joint venture between Swedish property company Kungsleden and the Swedish Third Pension Insurance Fund, (AP3) is issuing bonds with a total face value of SKr750m (€82m) on to the Swedish market.
The three-year loan matures in 2015 and carries a variable interest. The bonds will have a coupon of STIBOR 3m +2.25% and Hemsö will apply to list them 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,” said Thomas Erséus, Kungsleden’s CEO.
