19 November 2019

Gernandt & Danielsson advises in Offentliga Hus i Norden’s issue of subsequent green bonds

Gernandt & Danielsson advises Offentliga Hus i Norden AB (publ) ("Offentliga Hus") in its issue of subsequent green bonds at an amount of SEK 200 million, whereby the outstanding amount under the bond issue amounts to SEK 700 million under the existing framework amount of SEK 750 million. The net proceeds from the green bonds will be used in accordance with Offentliga Hus's Green Finance Framework, which has received the rating "Medium Green" from CICERO Center for International Climate Research. Offentliga Hus intends to apply for admission to trading of the bonds at the sustainable bond list of Nasdaq Stockholm.

Offentliga Hus is a real estate company focused on community service properties. Offentliga Hus was established in 2011 being one of the pioneers within the community service segment. The company currently owns hundreds of community service properties across Sweden. The rental income is primarily derived from public sector operators with long-term lease agreement.

Gernandt & Danielsson has advised Offentliga Hus and its financial advisors, Nordea bank Abp and Swedbank AB (publ), with a team consisting of partner Mikael Borg, Senior Associate Mikael Bolling and Associate Camilla Hedner.