Catella Expands Bond Issuance by SEK 50 Million
Deal News | Dec 06, 2024 | Catella Real Estate AG
Catella AB, a notable player in real estate and finance, has successfully issued SEK 50 million in senior unsecured bonds under its Medium Term Note (MTN) programme. This issuance follows a previous SEK 650 million issuance and carries a floating rate of three months STIBOR plus 450 basis points with a tenor of 4.25 years. The bonds were issued at a slightly premium price of 100.125% of the nominal value, and the proceeds are intended for general corporate purposes. The bonds will be listed on Nasdaq Stockholm. DNB Bank and Nordea Bank were the joint arrangers and bookrunners, with Advokatfirman Cederquist KB providing legal counsel.
Sectors
- Real Estate
- Financial Services
Geography
- Sweden – Catella AB is a Swedish company, and the bond issuance is under the financial regulations of Sweden, with listing anticipated on Nasdaq Stockholm.
- Finland – Nordea Bank Abp, one of the joint arrangers, is headquartered in Finland, contributing to the transaction.
- Norway – DNB Bank, as part of the Norwegian banking group, participated in the arrangement and bookrunning of the bond issuance.
Industry
- Real Estate – Catella operates in the real estate industry, and the capital raised through the bond issuance may be used for real estate financing or investments.
- Financial Services – The issuance of bonds falls under the financial services sector as the process is intrinsic to capital markets and investment banking activities.
Financials
- SEK 50 million – The amount raised through the additional bond issuance.
- SEK 650 million – The initial amount raised under the MTN programme prior to the additional issuance.
- 450 basis points – The spread over the three months STIBOR that the bonds will pay.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Catella AB | Issuer | Company | A Swedish company engaged in real estate and financial services, responsible for issuing the bonds. |
| DNB Bank ASA, filial Sverige | Joint Arranger and Bookrunner | Company | Operating under the umbrella of Norwegian DNB Bank, the branch in Sweden contributed to the arrangement and distribution of the bonds. |
| Nordea Bank Abp | Joint Arranger and Bookrunner | Company | One of the largest banks in the Nordic region, serving as a joint arranger and bookrunner in the bond issuance. |
| Advokatfirman Cederquist KB | Legal Advisor | Company | A Stockholm-based law firm providing legal counsel for the bond issuance. |