3 September 2019
Gernandt & Danielsson advises in Point Properties’s issue of corporate bonds
Gernandt & Danielsson advises Point Properties AB (publ) in its issue of corporate bonds in the amount of SEK 375 million. The proceeds from the bond issue will be used to refinance existing debt, finance acquisitions and for general corporate purposes. Point Properties intends to list the bonds on Nasdaq First North Stockholm.
Point Properties is a wholly owned subsidiary to Aktiebolaget Fastator AB (publ), an investment company focusing on investments within the real estate sector. Fastator's investment portfolio comprises real property owning entities, including entities conducting ancillary business such as property development, real estate management services and digitalisation in the real estate sector. Fastator's shares are traded on Nasdaq First North Stockholm. Point Properties works primarily with municipalities and other actors in community service, trade and housing, to develop city centers.
Gernandt & Danielsson has advised Point Properties and its financial advisors, Pareto Securities AB, with a team consisting of partner Mikael Borg, Senior Associate Mikael Bolling and Associate Simon Wetterholm. In addition, Advokatfirman Glimstedt has advised Fastator.