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