Fabege secures additional interest-rate hedges of the loan portfolio

Fabege has decided to capitalise on the continued low interest-rate scenario in order to hedge the interest rates on a further SEK 2bn of the loan portfolio. The interest-rate hedges have been implemented with the help of interest-rate swaps of SEK 2bn over five and seven years, respectively, at an average interest rate of 2.03 per cent.

Following the currently implemented fixing of the interest rate, the interest rates for nearly 80 per cent of Fabege’s loan portfolio have been tied for maturities of up to nine years. Subsequently, the average period of fixed interest is 3.5 years.

“We are delighted to have been able to hedge cash flow in the loan portfolio in this manner at a historically low level,” says Åsa Bergström, Deputy CEO and CFO of Fabege.

Fabege AB (publ)

7 Sep 2012 8:00 AM

For more information

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80

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