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Samhällsbyggnadsbolaget i Norden to issue 250M Swedish kronor of senior notes

Property developer and owner Samhällsbyggnadsbolaget i Norden AB will issue 250 million Swedish kronor of senior unsecured notes March 16.

The notes bear a floating interest rate of three-month Stockholm Interbank Offered Rate plus 365 basis points and have a final maturity of more than three years.

The company will use the net proceeds for general corporate purposes.

Nordea was the financial adviser on the transaction.

As of March 12, US$1 was equivalent to 8.25 Swedish kronor.