Samhällsbyggnadsbolaget i Norden AB Elects to Repay Total of SEK 10 Billion in Secured Bank Debt as Part of its Ambition to Achieve BBB+ Rating - Financial Costs Decrease by SEK 170 Million
February 05, 2020 at 07:12 am EST
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is repaying secured bank debt totaling SEK 10 billion (incl. already communicated SEK 5.8 billion). The repayment results in lower financial costs on a 12-month rolling basis (everything else being equal) of SEK 170 million. The repayment is part of SBB's aim to achieve a BBB+ rating. SBB will continue to repay bank debt.