Swedavia issues SEK 1 bn subordinated capital securities

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

Swedavia has successfully issued SEK 1 bn of subordinated perpetual capital securities with a first call date on 26 November 2024. The capital securities have a floating interest rate up until the first call date of 3 month STIBOR + 150 bps.

The bond issue generated a strong investor interest and the issue was oversubscribed.

The proceeds will be accounted for as equity and be used for general corporate purposes, including refinancing of financial indebtedness and financing of investments.

Swedavia intends to apply for listing of the capital securities on Nasdaq Stockholm.

Nordea and SEB acted as Joint Lead Managers for the transaction.

Further information on Swedavia’s financing can be found at swedavia.se under the heading About Swedavia/Financial information.

For further information, please contact Robert Pletzin, Head of Media Relations at Swedavia, or Swedavia’s press office at tel. +46 10-109 01 00 or press@swedavia.se.

This is information that Swedavia AB (publ) is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person above for publication on November 20, 2019, at 6.00 p.m. CET.