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.

Financing*

  31.12.2022 31.12.2021
Interest-bearing liabilities, SEKm 33,341 30,399
  of which outstanding MTN, SEKm 10,700 10,950
  of which outstanding SFF, SEKm 600 1,524
  of which outstanding commercial paper, SEKm 2,767 2,250
Unutilized facilities, SEKm** 7,260 3,374
Capital maturity, year 4.7 4.9
Fixed-rate period, year 2.7 3.7
Fixed-rate, share of portfolio, % 65 76
Derivative market value, SEKm 1,689 -65
Average interest, incl. facilities, % 2.39 1.71
Average interest, excl. facilities, % 2.31 1.62
Unsecured assets, % 45.2 43.8
Loan-to-value, % 38.2 36.5

*per 31 December 2022
** Included credit pledge intended for commercial paper

Green financing*

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 10,700 10,700
Green bonds via SFF, SEKm 600 600
Green commercial papers, SEKm 2,767 2,767
Green loans, other, SEKm 26,534 19,274
Total green financing, SEKm 40,601 33,341
Share of green financing, % 100 100
Total green facilities, SEKm 49,441  
 of which free green facilities, SEKm 14,711  

*per 31 December 2022

Changed 6 February 2023