23 June 2016

Gernandt & Danielsson advises in Tobin Properties issue of bonds

Gernandt & Danielsson advises in Tobin Properties issue of corporate bonds amounting to SEK 225,000,000.

The net proceeds will be used in investments in new projects and for redemption of preference shares of series A corresponding to a total redemption amount of SEK 110,000,000. The bonds are issued within the framework amount of SEK 500,000,000. The company’s intention is to list the bonds on Nasdaq First North Bond Market within 30 days from the issue date.

Tobin Properties is a real estate development company which acquires and develops real estate, mainly in Stockholm and suburbs of Stockholm.

Gernandt & Danielsson has advised the company and its financial advisors Pareto Securities AB and ABG Sundal Collier AB with a team consisting of Partner Mikael Borg and Associate Maria Klaesson.

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