Fastighets AB Trianon (publ) (“Trianon”) has successfully completed a three year floating rate bond issue, following strong demand from both Swedish and international investors. Based on a significant oversubscription the price was set in the lower end of the range and the transaction volume was increased to SEK 350 million from SEK 300 million.
The bond carries a floating rate coupon of Stibor 3m + 450 bps with quarterly interest payments and has a total framework amount of SEK 500 million. The proceeds will be used for general corporate purposes, potential value creating investments in the existing portfolio, property acquisitions and for replacing existing interest bearing debt.
Trianon is a property company whose business concept is to invest and manage residential and commercial properties in Malmö. Trianon is listed on Nasdaq First North Premier.
Carnegie acted as Joint Bookrunner in the transaction.