Via the jointly owned finance company Nya Svensk FastighetsFinansiering AB, Fabege will efficiently reach the capital market via covered Medium Term Note (MTN) programmes. This is a way of broadening the base of the company’s borrowing structure.
Nya Svensk FastighetsFinansiering AB is owned by Catena AB, Diös Fastigheter AB, Fabege AB, Platzer Fastigheter Holding AB and Wihlborgs Fastigheter AB, each of which hold a 20-per cent share. The company will commence its financing operations at the beginning of February 2015.
“Through Nya Svensk FastighetsFinansiering AB, Fabege will gain access to a new source of financing that can be utilised as a supplement to the current borrowing structure,” comments Christian Hermelin, CEO of Fabege.
Fabege AB (publ)