Financing - Fabege

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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.

Per 30 September 2020, 95 per cent of Fabeges financing was green.

Financing*

  30 Sep 2020 31 Dec 2019
Interest-bearing liabilities, SEKm 26,205 26,414
  of which outstanding MTN, SEKm 7,950 6,850
  of which outstanding SFF, SEKm 1,524 2,085
  of which outstanding commercial paper, SEKm 1,775 1,980
Unutilized facilities, SEKm 4,335 4,580
Capital maturity, year 5.5 5.8
Fixed-rate period, years 4.3 4.5
Fixed-rate, share of portfolio, % 76 73
Derivative market value, SEKm -684 -368
Average interest, incl. promises, % 1.82 1.80
Average interest, excl. promises, % 1.72 1.72
Unsecured assets, % 36 28
Loan-to-value ratio 35 36

Green financing*

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 7,950 7,950
Green bonds via SFF, SEKm 1,524 1,524
Green commercial papers, SEKm 5,000 1,775
Green loans, other, SEKm 18,096 13,746
Total green financing, SEKm 32,570 24,995
Share of green financing, % 92 95
Total green facilities, SEKm 55,510  
 of which free green facilities, SEKm 21,570  

*Per 30 September 2020

Changed 20 October 2020