FÖRSLÖV, Sweden--(BUSINESS WIRE)--
Peab (STO:PEABB) has secured new funding through three issues of bonds totaling SEK 450 million during the MTN program, which was established in February 2012. The emissions consist of two new loans of SEK 150 million and SEK 200 million, both with a term of four years, and an extension of SEK 100 million of an existing loan maturing on 1 June 2015. The purpose of the issuance is to refinance the loan maturity dates that fall during the autumn. The MTN program gives Peab the possibility to through the capital market find long-term funding and to be used as one of several sources of funding. The loan limit for the MTN program is SEK 3 000 million and bonds totaling SEK 1 450 million is outstanding after the above issues.
Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45 billion in net sales. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 8.00 a.m. 26 September 2013.
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