Titania Issues SEK 250 Million in Sustainable Bonds
Deal News | Nov 21, 2024 | Gernandt & Danielsson Advokatbyr
Titania Holding AB (publ), a renowned property company focusing on residential development in Stockholm, has announced the issuance of sustainable corporate bonds amounting to SEK 250 million. This issuance falls within a larger framework of SEK 1,000 million. Guided by legal expertise from Gernandt & Danielsson Advokatbyrå, with partners Mikael Borg and Mikael Bolling at the helm, and supported by associates Jonathan Antonsson and Erik Karlsson, Titania is set to have these bonds listed on Nasdaq Stockholm's sustainable bond list. Additionally, Arctic Securities played a vital role as financial advisors to Titania for this transaction. Titania's commitment to sustainability is reflected in its strategic initiatives that cover the complete spectrum from the zoning planning process to the final development of new residential areas, thereby marking its significant footprint in urban development.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Sweden – Titania operates in and is developing housing projects within the Stockholm region of Sweden.
Industry
- Real Estate – Titania operates in the real estate sector, specializing in the development of residential properties in the Stockholm region.
- Financial Services – The issuance of sustainable bonds involves financial services, particularly through Arctic Securities acting as a financial advisor.
- Legal Services – Gernandt & Danielsson provided the legal advisory services necessary for Titania's bond issuance.
Financials
- SEK 250 million – Total amount of the sustainable corporate bonds issued by Titania.
- SEK 1,000 million – Total framework amount within which Titania's bonds were issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Titania Holding AB | Issuer | Company | A property company focused on self-development of residential areas in Stockholm. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | Legal firm advising Titania in the issuance of their sustainable corporate bonds. |
| Arctic Securities | Financial Advisor | Company | Provided financial advisory services to Titania for the bond issuance. |
| Nasdaq Stockholm | Trading Platform | Company | Platform where Titania’s sustainable bonds will be traded. |
| Mikael Borg | Legal Partner | Person | Partner at Gernandt & Danielsson involved in advising Titania. |
| Mikael Bolling | Legal Partner | Person | Partner at Gernandt & Danielsson involved in advising Titania. |
| Jonathan Antonsson | Associate | Person | Associate at Gernandt & Danielsson involved in advising Titania. |
| Erik Karlsson | Associate | Person | Associate at Gernandt & Danielsson involved in advising Titania. |