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