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

  31.03.2023 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

Changed 26 April 2023