Cibus Nordic Real Estate AB (publ) issues senior unsecured green notes of EUR 50m

New issue

Cibus Nordic Real Estate AB (publ) ("Cibus") has issued senior unsecured green notes in the total amount of EUR 50 million under the Issuer's MTN programme (the "New Senior Unsecured Green Notes"). The New Senior Unsecured Green Notes have a tenor of 3 years and a floating interest rate of EURIBOR three months plus 400 bps and will mature on 1 February 2027. Cibus intends to apply for listing of the New Senior Unsecured Green Notes on the sustainable bond list of Nasdaq Stockholm.

This is Cibus first issue since November 2022 and the first under the green finance framework published in July 2023.

Proceeds may be used for refinancing of outstanding debt, reducing refinancing risk, giving flexibility to optimise the balance sheet as well as readiness to act on potential investment opportunities.

"As the newly appointment CEO, I'm very proud of the successful issuance of our new bonds which came at the lowest margin ever for Cibus taking the tenor into consideration.  The issue was triggered by considerable incoming investor interest, and the strong and continued interest from Nordic institutions made the book more than two times oversubscribed to the initial offering." says Christian Fredrixon, CEO

Nordea Bank Abp acted as sole bookrunner in respect of the issuance of the New Senior Unsecured Green Notes.

For further information, please contact:

Christian Fredrixon, CEO, Cibus Nordic Real Estate AB (publ), tel: +46 (0) 8 12 439 100, [email protected] 

Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate AB (publ), tel: +46 (0) 8 12 439 100, [email protected] 

The following documents can be retrieved from beQuoted
Cibus Pressrelease 2024-01-24 eng.pdf

Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns about 450 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop, Lidl and S Group.

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