Swedavia issues hybrid bonds worth SEK 2.5 billion

2021-11-11, kl. 18:59

Swedavia has successfully issued SEK 2.5 billion in subordinated hybrid bonds with a perpetual maturity and first redemption option after 5 years. The purpose of the hybrid issue is to continue to create the best possible financial flexibility in the implementation of Swedavia's strategy and mission while maintaining the goals for Swedavia's capital structure.

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Swedavia has successfully issued SEK 2.5 billion in subordinated hybrid bonds with a perpetual maturity and first redemption option after 5 years (non-call 5 year). The hybrid bond has a settlement date of 17 November and loan will be used for Swedavia's ongoing operations, including repaying existing debt and financing investments.

The issue is Swedavia's largest market transaction to date and the hybrid capital was invested mainly by Nordic investors, but also internationally. More than half of the capital was invested with asset managers and about a quarter with pension companies/insurance companies.

Like Swedavia's existing hybrid bond, the new bonds will be reported as equity and will be subordinated to Swedavia's other lending instruments.

The purpose of the hybrid issue is to continue to create the best possible financial flexibility in the implementation of Swedavia's strategy and mission while maintaining the goals for Swedavia's capital structure.

In connection with the issue, Nordea and Swedbank have acted as organizers and so-called bookrunners.

The English text is a translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Information about Swedavia's financing can be found at swedavia.se under Financial information | About Swedavia.

For more information, contact Robert Pletzin, Head of media relations at Swedavia, on +46(0)10-109 01 00 or press@swedavia.se.