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.

Per 21 December 2020, 100 per cent of Fabeges financing was green.

Financing*

	30.09.2021	31.12.2020
Interest-bearing liabilities, SEKm	28,393	26,669
of which outstanding MTN, SEKm	9,800	7,950
of which outstanding SFF, SEKm	1,524	1,524
of which outstanding commercial paper, SEKm	2,125	2,025
Unutilized facilities, SEKm	4,035	3,867
Capital maturity, year	4.8	5.2
Fixed-rate period, year	3.8	4.1
Fixed-rate, share of portfolio, %	78	74
Derivative market value, SEKm	-205	-597
Average interest, incl. facilities, %	1.74	1.77
Average interest, excl. facilities, %	1.65	1.67
Unsecured assets, %	44.0	36.5
Loan-to-value, %	35.3	34.8

*per 30 September 2021

Green financing*

	Credit lines	Outstanding loans and bonds
Green MTN-bonds, SEKm	9,800	9,800
Green bonds via SFF, SEKm	1,524	1,524
Green commercial papers, SEKm	2,125	2,125
Green loans, other, SEKm	21,104	14,944
Total green financing, SEKm	34,553	28,393
Share of green financing, %	100	100
Total green facilities, SEKm	65,428
of which free green facilities, SEKm	26,974

*per 30 September 2021