Gernandt & Danielsson advises in Akelius’ bond issue

Gernandt & Danielsson advises in Akelius' issue of corporate bonds amounting to SEK 1.4 billion

The residential company Akelius Residential Property AB (publ) has resolved to issue unsecured floating rate corporate bonds amounting to SEK 1.4 billion through a private placement. The bonds have been issued within a framework amount of SEK 1.5 billion and the issue proceeds will partly be used for repayment of the company's bond loan which will be redeemed early on 27 March 2015. The company has undertaken to list the bonds on the Corporate Bond List at Nasdaq Stockholm.

Gernandt & Danielsson has advised the company and its financial advisors Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) with a team consisting of Partner Mikael Borg and Associate Adrian Della Morte Pålstam.