5 April 2017
Gernandt & Danielsson advises in Genova Property Group’s issue of corporate bonds amounting to SEK 300 million
Genova Property Group AB (publ) has decided to issue corporate bonds amounting to SEK 300 million. The bonds are issued within a framework amount of SEK 750 million and the bond proceeds will be used for general corporate purposes, including acquisitions and investments in the existing property portfolio. The company has undertaken to list the bonds on Nasdaq Stockholm.
Genova Property Group is a real estate company which conducts business within three business areas: investment properties, development of residential properties and community service properties, with its focus within the regions of Uppsala and Stockholm.
Gernandt & Danielsson has advised the company and Carnegie Investment Bank AB (publ) (sole bookrunner and issuing agent) with a team consisting of Partner Mikael Borg, Senior Associate Sofie Viktorsson and Associate Helén Landenberg.