Cibus Nordic Real Estate AB (publ) hedges its entire senior debt.

This week Cibus entered additional interest rate hedges of SEK 435m. This means that, somewhat simplified, the entire senior bank debt is now covered by interest rate hedges and that the current interest rate for bank loans including credit margin together with derivatives will not exceed 4,55 % for the senior debt as a whole, as of 30 September 2023 until first half of 2025. Thereafter the hedges will mature successively until 2027.

Since the turn of the year interest rate swaps of approximately EUR 284m have been entered, with fixed interests on Euribor between 2,94-2,97 % and Stibor of 3,48%. The hedges take effect from around mid-year with tenors around 4 years.

For further information, please contact:

Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate (+46 70 858 04 53)

The following documents can be retrieved from beQuoted
Cibus Pressrelease 2023-03-17.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 Sweden, Lidl and S Group.

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