Financing

Property ownership is highly capital intensive and Fabege’s property portfolio represents a significant value. Accordingly, the choice of capital structure and financing policy are of the utmost importance.

Fabege’s financing operations are governed by the company’s financial policy, which is established by the Board of Directors. Long-term credit lines provide safe and flexible financial management. 

Breakdown of sources of funding

unitProcent
Revolving facilities 12%13
Bond financing 10%13
Commercial paper 21%21
Other loans 44%45
Unutilised facilities 13%8

 

Interest rate maturity structure

  Amount, SEKm Average
interest
rate, %
Share, %
< 1 year 10,928 2.82 50
1-2 years 4,750 3.37 21
2-3 years 1,000 2.13 4
3-4 years 0 0.00 0
4-5 years 1,000 2.68 4
5-6 years 800 0.99 4
6-7 years 800 0.91 4
7-8 years 800 0.96 4
8-9 years 900 0.95 4
9-10 years 1,000 1.02 5
 Total 21,978 2.54 100
The average interest rate for the <1 year period includes the margin for the entire debt portfolio because the company's fixed-interest period is established using interest rate swaps, which are traded without margins.

 

Loan maturity structure

  Credit agreement, SEKm Drawn,
SEKm
 
Commercial paper programme 5,000 4,992  
<1 year 5,666 2,006  
1-2 years 8,712 6,697  
2-3 years 2,320 1,612  
3-4 years 1,925 1,425  
4-5 years 0 0  
5-10 years 3,993 3,993  
10-15 years 0 0  
15-20 years 0 0  
20-25 years 1,253 1,253  
Total 28,869 21,978