Vasakronan details SEK 400 million of repurchases from two series of notes

By Mary-Katherine Stinson

Lexington, Ky., Nov. 20 – Vasakronan AB has bought back or will buy back a total of SEK 400 million from two series of notes, according to multiple notices.

The company reported two buybacks from its SEK 750 million series 99 fixed-rate notes due May 6, 2024 (ISIN: XS2476955328). On Oct. 22, the company made two separate repurchases totaling SEK 200 million and SEK 100 million of the notes, leaving SEK 334 million remaining.

Also, Vasakronan said it will repurchase SEK 100 million of its SEK 850 million series 96 floating-rate notes due Feb. 21, 2025 (ISIN: XS2446858032) on Nov. 24. After the transaction, SEK 750 of the notes will remain outstanding.

Vasakronan is a property company based in Stockholm.

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