Financing - Fabege

We use cookies to enhance your experience of our site. By browsing on, you accept these cookies. Read more about cookies.

Financing

Property ownership is highly capital intensive and Fabege’s property portfolio represents a significant value. Accordingly, the choice of capital structure and financing policy are of the utmost importance.

Fabege’s financing operations are governed by the company’s financial policy, which is established by the Board of Directors. Long-term credit lines provide safe and flexible financial management.

The company’s creditors mainly comprise the major Nordic banks and investors on the capital market.

Per 30 June 2020, 91 per cent of Fabeges financing was green.

Financing*

  30 Jun 2020 31 Dec 2019
Interest-bearing liabilities, SEKm 24,694 26,414
  of which outstanding MTN, SEKm 6,350 6,850
  of which outstanding SFF, SEKm 1,510 2,085
  of which outstanding commercial paper, SEKm 1,875 1,980
Unutilized facilities, SEKm 4,235 4,580
Capital maturity, year 5.7 5.8
Fixed-rate period, years 4.6 4.5
Fixed-rate, share of portfolio, % 79 73
Derivative market value, SEKm -660 -367
Average interest, incl. promises, % 1.93 1.80
Average interest, excl. promises, % 1.84 1.72
Unsecured assets, % 33 28
Loan-to-value ratio 34 36

Green financing*

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 6,350 6,350
Green bonds via SFF, SEKm 1,510 1,510
Green commercial papers, SEKm 5,000 1,875
Green loans, other, SEKm 16,817 12,647
Total green financing, SEKm 29,677 22,382
Share of green financing, % 87 91
Total green facilities, SEKm 53,567  
 of which free green facilities, SEKm 21,436  

*Per 30 June 2020

Changed 6 July 2020