Mandate

Vinge advises Stendörren in connection with issuance of green notes and tender offer

September 21, 2023 Banking and Finance

Vinge has advised Stendörren Fastigheter AB in connection with its issuance of senior unsecured green notes in an amount of SEK 500 million (within a framework of SEK 600 million) and its parallel tender offer in respect of its previously issued notes due 2024.

Nordea Bank Abp, Swedbank AB (publ) and Nordea Bank Abp acted as joint bookrunners and dealer managers in the transaction.

The proceeds from the new notes will in, accordance with Stendörren’s green finance framework, be used to refinance Stendörren’s existing portfolio of green buildings and for the financing of the tender offer. The notes are intended to be listed on the sustainable bond list of Nasdaq Stockholm. The notes have a tenor of 3.25 years and were issued with a coupon of STIBOR 3m + 525 basis points.

Vinge’s team consisted of Mikael Ståhl, Lionardo Ojeda, Felix Möller and August Ahlin.

 

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