Genova successfully issues green capital securities of SEK 500m

Genova Property Group AB (publ) (the “Issuer” or “Genova”) has successfully issued green capital securities of SEK 500m under a framework of SEK 1,250m (the “Green Capital Securities”). The Green Capital Securities have a perpetual maturity with a floating interest rate of three months STIBOR plus 675 bps until first call date. Genova intends to apply for admission to trading of the Green Capital Securities on the Sustainable Bond List of Nasdaq Stockholm.

ABG Sundal Collier AB and Swedbank AB (publ) have acted as joint bookrunners in connection with the issuance of the Green Capital Securities. An amount equivalent to the proceeds from the Green Capital Securities will be used in accordance with the Issuer’s Green Finance Framework including redemption of existing preference shares.

Gernandt & Danielsson Advokatbyrå KB acted as legal advisor in the transaction.

For further information, please contact:
CEO, Michael Moschewitz, mobile +46 (0)707 13 69 39,

This information is such information that Genova Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 26 February 2021 at 17.30 p.m. CET.

Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with a focus on Greater Stockholm and the Uppsala Region. On 31 December 2020, the value of the company’s property portfolio amounted to approximately SEK 5.4 billion with a lettable area of approximately 190,000 sqm and the company held 5,890 building rights for residential units. Genova’s preference shares and ordinary shares have been listed on Nasdaq Stockholm since 12 June and 30 June 2020, respectively.

Genova Property Group – Smålandsgatan 12 – SE-111 46 Stockholm –