Genova issues new green bonds and announces tender offer results

Genova Property Group AB has successfully issued new senior unsecured floating rate green bonds amounting to SEK 350 million. The issuance is part of a total framework of SEK 600 million.

The newly issued bonds carry a floating interest rate of 3-month Stibor plus 350 basis points and are set to mature in January 2031. Genova intends to seek admission to trading for these bonds on Nasdaq Stockholm's sustainable bond list.

The company also announced the results of its tender offer concerning existing bonds. Specific details regarding the tender offer's outcome and its implications for existing debt structures were not fully disclosed in the initial announcement. The company has not provided further elaboration on the utilization of the funds raised by the new green bonds.