Genova issues new green capital securities
Genova Property Group AB has successfully issued SEK 250 million in perpetual green capital securities. The issuance is part of a total framework of SEK 500 million.
Genova Property Group AB has completed the issuance of SEK 250 million in perpetual green capital securities. This issuance is part of a larger framework amounting to SEK 500 million, signaling the company's commitment to sustainable finance.
The newly issued securities carry a floating interest rate of 3-month Stibor plus 440 basis points and do not have a fixed maturity date. The first call date is set at four and a half years after the initial issuance date.
Genova intends to seek admission to trading for these green capital securities on the sustainable bond list of Nasdaq Stockholm. This move is expected to enhance the company's profile in sustainable investments and support its environmental initiatives within the real estate sector.