Corem Property Group AB (publ) successfully issues senior unsecured green bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.

 

Corem Property Group AB (publ) (”Corem” or the ”Company”) has successfully issued new senior unsecured green bonds of SEK 1 billion (the “New Green Bonds”). The New Green Bonds were issued under a framework of SEK 2 billion, have a tenor of 2.25 years and a floating interest rate of 3 months STIBOR plus 375 basis points and will mature on 7 May 2026. The Company intends to apply for listing of the New Green Bonds on the sustainable bond list of Nasdaq Stockholm.

This is Corem's first bond under its new Green Finance Framework and the first bond issuance in over two years. The transaction was oversubscribed with strong interest from institutional as well as retail investors.

Proceeds will be used in accordance with the Green Finance Framework, including financing or refinancing of green buildings and investments in energy efficiency and redemption of Corem Kelly AB (publ)’s outstanding bonds with ISIN SE0013104205 and the Company´s outstanding bonds with ISIN SE0015192521.

Nordea and Swedbank have acted as joint bookrunners in the transaction. Swedbank has acted as Sole Structuring Advisor of the Green Finance framework. Walthon has acted as legal advisor for the Company.

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Rutger Arnhult, CEO, +46 70 458 24 70, [email protected] 
Eva Landén, deputy CEO, +46 10 482 76 50, [email protected]

Corem Property Group AB (publ)
Address: P.O. Box 56085, SE-102 17 Stockholm
Visitors: Riddargatan 13 C
Reg.no: 556463-9440
www.corem.se

This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.