Cibus Nordic Real Estate AB (publ) issues green notes of EUR 50 million
Cibus has successfully issued senior unsecured green notes in the total amount of EUR 50 million under the issuer's MTN programme (the "New Senior Unsecured Green Notes"). The New Senior Unsecured Green Notes have a tenor of 4.0 years and a floating interest rate of EURIBOR three months plus 250 bps and will mature on 17 January 2029. Cibus intends to apply for listing of the New Senior Unsecured Green Notes on the sustainable corporate bond list of Nasdaq Stockholm.
"The pricing of today's bond issue shows that our bond credit margins have decreased by 150 basis points during the ten months since March 2024, when we last issued a EUR-denominated bond with the same four-year tenor.
We have today with a heavily oversubscribed book issued a four-year bond which represents a relatively long maturity. In our view, this shows the strong investor support for the stability of our underlying cash flow business, and we are pleased to welcome several new credit investors to Cibus and thank both our new and existing credit investors for their support." says Christian Fredrixon, CEO Cibus Nordic Real Estate AB.
Nordea Bank Abp and OP Corporate Bank plc acted as bookrunners in respect of the issuance of the New Senior Unsecured Green Notes. Advokatfirman Schjødt has acted as legal advisor to the Issuer in connection with the issuance of the New Senior Unsecured Green Notes.
Joint Bookrunners:
Nordea Bank Abp: dcmsweden@nordea.com
OP Corporate Bank plc: valtteri.komulainen@op.fi
10 January 2025
For further information, please contact:
Christian Fredrixon, CEO
christian.fredrixon@cibusnordic.com
+46 (0)8 12 439 100
Pia-Lena Olofsson, CFO
pia-lena.olofsson@cibusnordic.com
+46 (0)8 12 439 100
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 Nordic region with grocery retail chains as anchor tenants. The company currently owns about 500 properties in the Nordics. The largest tenants are Kesko, Tokmanni, Coop Sweden, S-Group, Dagrofa, and Lidl.