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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*

  30.06.2022 31.12.2021
Interest-bearing liabilities, SEKm 32,046 30,399
  of which outstanding MTN, SEKm 11,400 10,950
  of which outstanding SFF, SEKm 1,074 1,524
  of which outstanding commercial paper, SEKm 2,605 2,250
Unutilized facilities, SEKm 1,929 3,374
Capital maturity, year 4.4 4.9
Fixed-rate period, year 3.1 3.7
Fixed-rate, share of portfolio, % 71 76
Derivative market value, SEKm 1,473 -65
Average interest, incl. facilities, % 1.79 1.71
Average interest, excl. facilities, % 1.74 1.62
Unsecured assets, % 44.4 43.8
Loan-to-value, % 35.9 36.5

*per 30 June 2022

Green financing*

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 11,400 11,400
Green bonds via SFF, SEKm 1,074 1,074
Green commercial papers, SEKm 2,605 2,605
Green loans, other, SEKm 21,500 16,967
Total green financing, SEKm 36,579 32,046
Share of green financing, % 100 100
Total green facilities, SEKm 54,597  
 of which free green facilities, SEKm 16,582  

*per 30 June 2022

Changed 8 July 2022