Genova successfully issues subsequent green senior unsecured bonds of MSEK 100 under outstanding green framework

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Genova Property Group AB (publ) (“Genova”) has today successfully placed green subsequent senior unsecured bonds of MSEK 100 with maturity on 29 November 2027 under its green bonds framework in a total amount of  MSEK 650 with ISIN SE0022725636 (the “Green Subsequent Bonds”). Following the issuance of the Green Subsequent Bonds, a total nominal amount of MSEK 550 will be outstanding under the framework. The Green Subsequent Bonds will be issued at a price of 101.112 per cent. of the nominal amount corresponding to a coupon of 3-month STIBOR plus 375 basis points. Genova intends to apply for admission to trading of the Green Subsequent Bonds on the sustainable bond list at Nasdaq Stockholm.

An amount equal to the net proceeds of the Green Subsequent Bonds will be used in accordance with Genova's green finance framework including repurchases of green hybrid bonds in a total amount of MSEK 40 with ISIN SE0015245519.

Advisors
Arctic Securities has acted as arranger and sole bookrunner in respect of the issuance of the Green Subsequent Bonds. Gernandt & Danielsson Advokatbyrå KB has been legal advisor in the transaction.

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 dynamic property company with extensive expertise in various segments of the property market. The company aims to drive sustainable value growth through active property management, urban development, project development and property transactions in Sweden. As of 30 September 2024, Genova owned properties valued at approximately SEK 9.5 billion and the company held a substantial building rights portfolio. Genova’s share has been listed on Nasdaq Stockholm since 2020.

Genova – Smålandsgatan 12 – SE-111 46 Stockholm – www.genova.se