The agreements have the following maturity:
- SEK 1.0bn in three years
- SEK 1.5bn in five years
- SEK 1.5bn in seven years
- SEK 1.0bn in ten years
For the above maturities, Fabege will pay an annual interest rate of between 2.18 and 2.73 per cent, excluding margin.
Refer to the press release from 22 August 2011
At 31 March 2012, the interest rate on 73 per cent of Fabege’s loan portfolio was fixed using fixed-income derivatives. The average fixed interest term was 3.4 years, including the effects of derivative instruments. The average fixed interest term for variable-interest loans was 54 days.
Interest rate maturity structure, per 31 March 2012
| Year, maturity |
Amount, SEKm |
Average interest rate, % |
Share,% |
| < 1 year |
4,358 |
5.36* |
25 |
| 1-2 years |
1,850 |
3.70 |
11 |
| 2-3 years |
1,178 |
2.45 |
7 |
| 3-4 years |
0 |
0.00 |
0 |
| 4-5 years |
4,200 |
2.71 |
25 |
| > 5 years |
5,500 |
3.36 |
32 |
| Total |
17,086 |
3.68 |
100 |
* The average interest rate for the < 1 year period includes the margin for the entire debt portfolio because the Company’s fixed-rate period is established using interest rate swaps, which are traded without margins.