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

	31.03.2023	31.12.2022
Interest-bearing liabilities, SEKm	33,976	33,341
of which outstanding MTN, SEKm	9,950	10,700
of which outstanding SFF, SEKm	600	600
of which outstanding commercial paper, SEKm	2,665	2,767
Unutilized facilities, SEKm*	5,660	7,260
Capital maturity, year	4.5	4.7
Fixed-rate period, year	2.5	2.7
Fixed-rate, share of portfolio, %	61	65
Derivative market value, SEKm	1,472	1,689
Average interest, incl. facilities, %	2.75	2.39
Average interest, excl. facilities, %	2.67	2.31
Unsecured assets, %	39.3	45.2
Loan-to-value, %	39.6	38.2

per 31 March 2023
* Included credit pledge intended for commercial paper

Green financing*

	Credit lines	Outstanding loans and bonds
Green MTN-bonds, SEKm	9,950	9,950
Green bonds via SFF, SEKm	600	600
Green commercial papers, SEKm	2,665	2,665
Green loans, other, SEKm	26,421	20,761
Total green financing, SEKm	39,636	33,976
Share of green financing, %	100	100
Total green facilities, SEKm	49,468
of which free green facilities, SEKm	13,080

*per 31 March 2023