Genova successfully issues new green bonds
Genova Property Group AB (publ) (the "Company" or "Genova") has successfully issued senior unsecured green bonds (the "Green Bonds") in an initial amount of SEK 450 million. The Green Bonds were issued under a total framework of SEK 650 million, carries a floating interest rate of 3m Stibor + 415 basis points and will mature in November 2027. Genova intends to apply for admission to trading of the Green Bonds on the sustainable bond list of Nasdaq Stockholm.
Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) act as arrangers and joint bookrunners in respect of the issuance of the Green Bonds. Swedbank AB (publ) acts Sole Structuring Advisor for the Company's green finance framework. Gernandt & Danielsson Advokatbyrå KB acts as legal advisor.
For further information, please contact:
CEO, Michael Moschewitz, mobile +46 (0)70-713 69 39, [email protected]
About Genova
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on Greater S tockholm area and Uppsala Region. On 30 June 2024, the value of the company's property portfolio amounted to approximately SEK 9.5 billion with a lettable area of approximately 340,000 sqm and the company held approximately 9,344 building rights for residential units. Genova's share has been listed on Nasdaq Stockholm since 2020.
Genova – Smålandsgatan 12 – SE-111 46 Stockholm – www.genova.se