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Bond issue for T. Andréasson Fastighetsaktiebolag (publ) successfully completed

JUN 30, 2020
Issue amount: SEK 110m
Interest rate: 11 % p.a.
Maturity: 36 months

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The SEK 110m bond issue for T. Andréasson Fastighetsaktiebolag (publ) has been successfully completed.

The bond issue was substantially oversubscribed with significant demand from both private investors and family offices, as well as from high-quality institutional investors.

The net proceeds will be used to carry out zoning plan changes in the three portfolio projects which are expected to increase the value and allow them to choose whether to complete the development or sell the building rights.

JOOL Corporate Finance AB acted as Corporate Finance advisors, Roschier Advokatbyrå acted as legal Corporate Finance advisor and Intertrust (Sweden) AB as trustee.

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T.Andréasson Fastighetsaktiebolag (TAFAB) is a real estate developer active in Stockholm, Knivsta and Uppsala and has carried out over 30 successful projects and over 100 projects in collaboration with partners and in previous constellations. Previous projects have included complete development of rental apartments, care- and elderly homes, commercial properties and building right developments, often in collaboration with partners, joint ventures and in forward-funding setups. Board and management are well connected in the industry and involved parties in previous developments have included Rikshem, Amasten, Attendo and Veidekke amongst others.

Jool Group Bond Issue