STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
As previously communicated, the board of directors of D. Carnegie & Co AB (publ) (”D. Carnegie & Co”) (STO:DCAR) has resolved to list bonds on Nasdaq Stockholm. Nasdaq Stockholm has approved D. Carnegie’s application for admission to trading of the bonds and the first day of trading is today, 3 June 2016.
On 14 April 2016, D. Carnegie & Co made public that the Company issues an unsecured bond loan with a tenor of three years with final maturity in April 2019. The bond loan amounts to MSEK 1,000 and carries a floating interest rate of 3m STIBOR + 400 basis points. On 1 June 2016, D. Carnegie & Co published a prospectus and announced that the company had applied for admission to trading on Nasdaq Stockholm. Nasdaq Stockholm has approved D. Carnegie & Co’s application for admission to trading and the first day of trading of the bonds is today, 3 June 2016.
D. Carnegie & Co AB (publ) is required to make this information public under the provisions of the Swedish Financial Markets Act and/or the Swedish Financial Instruments Trading Act. The information was made publicly available on 3 June 2016 at 08.00 am.
About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties in the Stockholm region. The Company’s business concept is to own and manage its real estate portfolio and to gradually refurbish apartments in connection with the natural turnover of tenants. This can take place quickly and cost-efficiently due to our Bosystem refurbishment method which, among other things, does not require tenants to vacate the premises. The Company also creates significant value through the development of building rights in the existing portfolios. As of 31 March 2016, the market value of the company's properties amounted to MSEK 13.873. As per 31 March 2016, the total rental value amounted to MSEK 1.262 annually. The financial leasing rate is high with no vacancies. D. Carnegie & Co is listed on Nasdaq Stockholm.
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