23 September 2019

Gernandt & Danielsson advises in Offentliga Hus i Norden’s voluntary redemption of existing bonds and issue of green bonds

Gernandt & Danielsson advises Offentliga Hus i Norden AB (publ) (”OffentligaHus”) in its voluntary redemption of existing bonds amounting to SEK 200million, whereby the total outstanding amount under the existing bonds amountto SEK 500, as well as Offentliga Hus’s issue of green bonds at an amount ofSEK 500 million within a framework amount of SEK 750 million.

The net proceeds from the green bonds will be used to partially repay the existing bonds and in accordance with Offentliga Hus’s Green Finance Framework, where green buildings and energy efficiency has been designated as eligible green project categories. The Green Finance Framework has received the rating “Medium Green” from CICERO Center for International Climate Research. Offentliga Hus intends to list the bonds on 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.