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This week, after entering an additional interest rate hedge of SEK 435m, Cibus Nordic Real Estate AB (publ) has now got the entire senior bank debt hedged.
This week Cibus entered additional interest rate hedges of SEK 435m. This means that, somewhat simplified, the entire senior bank debt is now covered by interest rate hedges and that the current interest rate for bank loans including credit margin together with derivatives will not exceed 4,55 % for the senior debt as a whole, as of 30 September 2023 until first half of 2025. Thereafter the hedges will mature successively until 2027.
Since the turn of the year interest rate swaps of approximately EUR 284m have been entered, with fixed interests on Euribor between 2,94-2,97 % and Stibor of 3,48%. The hedges take effect from around mid-year with tenors around 4 years.
For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate (+46 70 858 04 53)
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop Sweden, Lidl and S Group.
Cibus Nordic Real Estate AB (publ) invite to teleconference and audio cast on April 27, at 10.00 CEST. The company's CEO, Sverker Källgården, and CFO, Pia-Lena Olofsson, will present the Q1 report in English.
The shareholders in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company"), reg. no 559135-0599, are hereby invited to the Extraordinary General Meeting on Thursday 20 April 2023, at 11.30 a.m. CEST at 7A Posthuset, Vasagatan 28, Stockholm, Sweden.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has, in accordance with the Company's press release earlier today, completed an accelerated book building procedure and resolved on a directed share issue of 8,804,348 shares at a subscription price of SEK 92 per share (the "Directed Share Issue"), which was oversubscribed. A number of Swedish and international institutional investors, including AP3, AP4, Carnegie Fonder, Clearence Capital Limited, Columbia Threadneedle, Länsförsäkringar Fondförvaltning and Sensor Fonder participated in the Directed Share Issue.
The shareholders in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company"), reg. no 559135-0599, are hereby invited to the Annual General Meeting on Thursday 20 April 2023, at 10 a.m. CEST at 7A Posthuset, Vasagatan 28, Stockholm, Sweden.