Bonds

On 18 August 2021 Genova announced the successful placement of subsequent senior unsecured green bonds in the amount of SEK 250m due 9 September 2024 (the “Subsequent Green Bonds”) under the existing framework of SEK 750m with ISIN SE0014808820 (the “Bond”). Following the issue of Subsequent Green Bonds, SEK 650m will be outstanding. The Subsequent Green Bonds will be issued at a price of 101% of nominal amount corresponding to a coupon of 3 months STIBOR plus approximately 415 basis points. The Subsequent Green Bonds are listed on the sustainable bond list of Nasdaq Stockholm.   

Genova Property Group AB (publ) (the “Company” or “Genova”) has successfully issued subsequent green hybrid bonds in the amount of SEK 200m under its outstanding green finance framework of SEK 1,250m (the “Green Hybrid Bonds”). After the issue of the Green Hybrid Bonds, a total amount of SEK 700m will be outstanding under the green finance framework. The Green Hybrid Bonds carry a perpetual tenor and was issued at a price of 101% of nominal amount representing ca. 3 months STIBOR plus 650 basis points. The Green Hybrid Bonds are listed on the sustainable bond list of Nasdaq Stockholm.

Genova Property Group AB (publ) (the “Company” or “Genova”) has successfully issued green hybrid bonds in the amount of SEK 500m under an outstanding green finance framework of SEK 1,250m (the “Green Hybrid Bonds”). The Green Hybrid Bonds carry a perpetual tenor and carries a floating rate coupon of three-months STIBOR plus 675 basis points. The Green Hybrid Bonds are listed on the sustainable bond list of Nasdaq Stockholm.

On 1 September 2020, Genova announced the successful issue of senior unsecured callable bonds with ISIN: SE0014808820, in the total amount of SEK 400m under a framework of SEK 750m. The bonds bear a floating interest rate of three-months Stibor plus 450 bps and will mature on 9 September 2024. The bonds are listed on the corporate bonds list of Nasdaq Stockholm. Genova intends to fully or partly use the net proceeds from the new bonds to finance the tender offer and the early redemption of all outstanding bonds in the bonds issued in 2017 and 2018 in the total amount of SEK 500m.

On 23 September 2019, Genova announced that the company had issued an unsecured bond with ISIN: SE0013222593, in the total amount of SEK 525m under a framework of SEK 750m. The bond matures on 30 September 2023 and carries a floating rate coupon of three-months Stibor plus 525 bps. The bonds are listed on Nasdaq Stockholm.

The unsecured bonds issued by Genova in 2017 and 2018, in the total amount of SEK 500m under a framework of SEK 750m, have been repurchased and redeemed in advance with the record date of 29 December 2020 and payment date of 7 January 2021. The bonds have been delisted from Nasdaq Stockholm.