ABG Sundal Collier acted as joint bookrunner and manager for Genova Property Group in connection with their SEK 300 million new green hybrid bond issue

Genova Property Group AB (publ) (”Genova”), a dedicated real estate company that sustainably owns, manages, and develops commercial, community service, and residential properties, has successfully issued new green hybrid bonds in a total nominal amount of SEK 300 million. In connection with the transaction, Genova invited the holders of the Company’s existing hybrid bonds to participate in a voluntary tender offer.
The transaction received strong interest from Nordic and international investors and the books were oversubscribed.
Net proceeds from the bond issue will be applied in accordance with the Green Finance Framework including repurchase of the existing hybrid bonds.