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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*

  31.03.2022 31.12.2021
Interest-bearing liabilities, SEKm 30,669 30,399
  of which outstanding MTN, SEKm 11,350 10,950
  of which outstanding SFF, SEKm 1,624 1,524
  of which outstanding commercial paper, SEKm 2,260 2,250
Unutilized facilities, SEKm 3,600 3,374
Capital maturity, year 4.7 4.9
Fixed-rate period, year 3.4 3.7
Fixed-rate, share of portfolio, % 75 76
Derivative market value, SEKm 817 -65
Average interest, incl. facilities, % 1.69 1.71
Average interest, excl. facilities, % 1.61 1.62
Unsecured assets, % 44.5 43.8
Loan-to-value, % 35.3 36.5

*per 31 March 2022

Green financing*

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 10,950 10,950
Green bonds via SFF, SEKm 1,624 1,624
Green commercial papers, SEKm 2,250 2,250
Green loans, other, SEKm 21,087 15,463
Total green financing, SEKm 35,811 30,287
Share of green financing, % 100 99
Total green facilities, SEKm 71,163  
 of which free green facilities, SEKm 29,207  

*per 31 March 2022

Changed 26 April 2022