GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Wallenstam AB (STO:WALLB)
On 20 May 2016, Wallenstam AB (publ) (”Wallenstam”) announced the issue of an unsecured bond that will run for two years and mature in May 2018 aimed at refinancing wind turbines in the subsidiary Svensk NaturEnergi, which produces electricity through wind power. The bond loan amounts to SEK 400 million and will run subject to an annual rate of 3M STIBOR + 0.95%.
Occasioned by the bond issue, Wallenstam’s Board has prepared a prospectus regarding trading in the bonds on the Corporate Bond list at Nasdaq Stockholm.
Today, the Swedish Financial Supervisory Authority approved the bond loan prospectus. An application to trade the bonds on the Corporate Bond list at Nasdaq Stockholm will be submitted and the first trading day for the bonds is anticipated to be around 27 June 2016.
Wallenstam AB (publ) is required to make this information public under the provisions of the Swedish Financial Markets Act and the Swedish Financial Instruments Trading Act. This information was released for publication on June 21, 2016 at 11.10CET.
Wallenstam is a growing property company that manages, builds and develops properties for sustainable living and enterprise in Gothenburg and Stockholm. The property holding is valued at around SEK 33 billion and the customer base consists of just over 7,500 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.
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