Financing
Green financing is a natural extension of the sustainability efforts that are conducted throughout the organisation. This ensures more responsible financing for us.
More importantly, it also gives us a broader investor base, trusting relationships with our financers and pride and commitment among our employees.
Fabege by numbers per 30 September 2026
| 2026.09.30 | 2025.12.31 | |
| Interest-bearing liabilities, SEKm | 34,588 | 34,424 |
| of which outstanding MTN, SEKm | 12,794 | 11,800 |
| of which outstanding SFF, SEKm | 672 | 574 |
| of which outstanding commercial paper, SEKm | 1,915 | 2,795 |
| Unutilized facilities, SEKm* | 5,950 | 5,960 |
| Fixed-term maturity, years | 3.0 | 3.0 |
| Fixed-rate period, years** | 1.3 | 1.5 |
| Fixed-rate, share of portfolio, % | 45 | 47 |
| Derivative market value, SEKm | 526 | 377 |
| Average interest, incl. committed credit facilities, % | 2.91 | 2.82 |
| Average interest, excl. committed credit facilities, % | 2.84 | 2.74 |
| Unpledged assets, % | 40 | 42 |
| Loan-to-value, % | 43 | 43 |
* Included credit facilities for commercial paper
** The fixed interest rate period adjusted by the estimated maturity of callable swaps amounted to 1.6 years (2.1).
Interest maturity structure
| Amount, SEKm | Interest rate, % | Percentage, % | |
| <1 year | 22,613 | 3.53 | 65 |
| 1-2 years | 3,676 | 1.53 | 11 |
| 2-3 years | 2,500 | 1.02 | 7 |
| 3-4 years | 2,100 | 1.64 | 6 |
| 4-5 years | 2,700 | 2.09 | 8 |
| 5-6 years | 700 | 1.16 | 2 |
| 6-7 years | 300 | 0.88 | 1 |
| 7-8 years | - | - | - |
| 8-9 years | - | - | - |
| Total | 34,588 | 2.84 | 100 |
* The average interest rate for the period <1 year includes the margin for the variable portion of the debt portfolio. This also includes the variable part of the interest rate swaps, which, however, do not include any credit margin as they are traded without a margin.
Loan maturity structure
| SEKm | Credit agreements | Outstanding bank | Outstanding capital markets |
| Commercial Paper | 1,915 | - | 1,915 |
| <1 year | 6,870 | 1,676 | 4,544 |
| 1-2 years | 12,563 | 5,813 | 3,250 |
| 2-3 years | 8,130 | 3,530 | 2,800 |
| 3-4 years | 3,250 | 2,000 | 1,250 |
| 4-5 years | 1,397 | 447 | 950 |
| 5-10 years | 6,414 | 6,414 | - |
| Total | 40,538 | 19,879 | 14,709 |
Our green framework
The purpose of the framework is to create a standard for green financing that can be used with a number of Fabege’s various sources of funding. The framework has been designed to give Fabege broad opportunities for green financing and is based on certified real estate properties and ambitious energy consumption targets.
The framework is based on the green bond principles and Fabege’s aim to contribute to the 2030 Agenda goals. S&P has issued a second opinion with a rating of medium green for the green terms and conditions and a rating of excellent for governance.
The framework also establishes the terms and conditions for the management of funds and for follow-up and reporting to lenders and investors. Reporting will take place quarterly, as well as in a more comprehensive form annually.
Click to download our green framework >
The different components of our green framework
Our green financing in brief
| Credit lines | Outstanding loans and bonds | |
| Green MTN-bonds, SEKm | 12,794 | 12,794 |
| Green commercial papers, SEKm | 1,915 | 1,915 |
| Green loans, other, SEKm | 24,739 | 18,789 |
| Total green financing, SEKm | 39,448 | 33,498 |
| Share of green financing, % | 97 | 97 |
| Total green available borrowing facilities, SEKm* | 33,795 | |
| of which unrestricted green facilities, SEKm | 17,970 |
*In accordance with Fabege’s green framework.
* per 30 September 2026
Rating
Moody´s Baa2 Stable outlook
In June 2024 Moody´s affirmed Fabege rating Baa2 with negative outlook.
Moody´s has in December 2024 affirmed the rating, i.e Baa2, but with changed outlook from negative to stable.
Do you have a question?
