On 1 September 2020, Genova Property Group AB (publ) (the “Company” or “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”). The Bonds bear a floating interest rate of Stibor three months plus 450 bps and will mature on 9 September 2024.
According to the terms and conditions for the Bonds, Genova has undertaken to apply for admission to trading of the Bonds on the Corporate Bond List of Nasdaq Stockholm. For the purpose of such application, Genova has prepared a listing prospectus which today has been approved by the Swedish Financial Supervisory Authority (Sv. Finansinspektionen). The prospectus is available on the Company’s website www.genova.se and on the Swedish Financial Supervisory Authority’s website www.fi.se. The first day of trading of the Bonds will occur no later than on 9 October 2020.
For further information, please contact:
CEO, Michael Moschewitz, phone +46 70-713 69 39, michael.moschewitz@genova.se
The information was submitted for publication, by the contact persons set out above, at 1.30 p.m. CEST on 1 October 2020.
About Genova
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with focus on the Greater Stockholm area and Uppsala Region. As of 30 June 2020, the company owned properties of SEK 4.7 billion with a lettable area of approximately 168,000 sqm and owned approximately 5,267 residential building rights. Genova’s preference shares and ordinary shares were admitted for trading on Nasdaq Stockholm on 12 June 2020 and 30 June 2020, respectively.