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99% Green financing

Financing

Green financing is a natural extension of the sustainability efforts that are conducted throughout the organisation. This ensures more responsible financing for us.

More importantly, it also gives us a broader investor base, trusting relationships with our financers and pride and commitment among our employees.

Fabege by numbers per 30 June 2025
  30.06.2025 31.12.2024
Interest-bearing liabilities, SEKm 34,203 34,400
  of which outstanding MTN, SEKm 11,762 11,610
  of which outstanding SFF, SEKm 738 738
  of which outstanding commercial paper, SEKm 2,971 3,215
Unutilized facilities, SEKm* 5,960 5,960
Fixed-term maturity, years 3.2 3.5
Fixed-rate period, years** 1.5 1.8
Fixed-rate, share of portfolio, % 49 52
Derivative market value, SEKm 214 543
Average interest, incl. committed credit facilities, % 2.89 2.98
Average interest, excl. committed credit facilities, % 2.81 2.89
Unpledged assets, % 41 41
Loan-to-value, % 43 43

* Included credit facilities for commercial paper
** The fixed interest rate period adjusted by the estimated maturity of callable swaps amounted to 2.4 years (2.6).

Interest maturity structure

  Amount, SEKm Interest rate, % Percentage, %
<1 year 19,378 4.08 57
1-2 years 4,150 1.01 12
2-3 years 4,376 1.41 13
3-4 years 1,700 0.95 5
4-5 years 1,800 1.04 5
5-6 years 1,000 1.53 3
6-7 years 1,300 1.15 4
7-8 years 500 0.81 1
8-9 years 0 0.00 0
Total 34,203 2.81 100

* The average interest rate for the period <1 year includes the margin for the variable portion of the debt portfolio. This also includes the variable part of the interest rate swaps, which, however, do not include any credit margin as they are traded without a margin.

Loan maturity structure

SEKm      
Commercial paper programme 2,971 - 2,971
<1 year 6,230 870 4,050
1-2 years 12,916 5,016 4,750
2-3 years 8,541 3,541 3,500
3-4 years 2,764 2,764 0
4-5 years 200 0 200
5-10 years 6,541 6,541 0
Total 40,163 18,732 15,471

Our green framework

The purpose of the framework is to create a standard for green financing that can be used with a number of Fabege’s various sources of funding. The framework has been designed to give Fabege broad opportunities for green financing and is based on certified real estate properties and ambitious energy consumption targets.

The framework is based on the green bond principles and Fabege’s aim to contribute to the 2030 Agenda goals. S&P has issued a second opinion with a rating of medium green for the green terms and conditions and a rating of excellent for governance.

The framework also establishes the terms and conditions for the management of funds and for follow-up and reporting to lenders and investors. Reporting will take place quarterly, as well as in a more comprehensive form annually.

Click to download our green framework >

The different components of our green framework


Green MTN programme


Green commercial paper programme


Second opinion

Our green financing in brief per 31 June 2025

  Credit lines Outstanding loans and bonds
Green MTN-bonds, SEKm 11,762 11,762
Green bonds via SFF, SEKm 738 738
Green commercial papers, SEKm 2,971 2,971
Green loans, other, SEKm 24,277 18,317
Total green financing, SEKm 39,748 33,788
Share of green financing, % 99 99
Total green available borrowing facilities, SEKm* 45,841  
 of which unrestricted green facilities, SEKm 13,236  

*In accordance with Fabege’s green framework.

Rating

Moody´s Baa2 Stable outlook

In June 2024 Moody´s affirmed Fabege rating Baa2 with negative outlook.
Moody´s has in December 2024 affirmed the rating, i.e Baa2, but with changed outlook from negative to stable.

Read more

Do you have a question?

Niclas Sylvén
Head of Treasury
+46 46 70 351 70 29


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