SSM Holding AB (publ) has, through several acquisitions over the market, repurchased 7.75 per cent of SSM’s own outstanding bonds with a nominal value of 31.0 MSEK. The repurchase relates to bonds with ISIN SE0008040893, with an outstanding nominal amount of 400.0 MSEK, including the volume repurchased by SSM.
The bonds have a floating rate corresponding to STIBOR 3 months plus 8 per cent and are due in May 2020. The average volume weighted repurchase price of the bonds corresponds to 70.4 per cent of the nominal amount of the bonds.
SSM works actively to change the current capital structure and the purpose of the repurchases is to reduce SSM’s gross debt and to improve the company’s net interest income. Following the purchases, SSM’s holding of own bonds amount to a nominal amount of 31.0 MSEK.
For more information, please contact:
Chief Communications & IR
Telephone: +46 (0)761-65 17 71
About SSM Holding AB (publ)
SSM produces functionally smart and affordable homes with attractive common areas, close to public transport and the city center for the company’s target group – the urbanites of tomorrow. The company envisions a housing market that is accessible to as many people as possible and aspires to produce 50 percent cooperative apartments and 50 percent rental units. SSM is the leading property developer in its niche within the Greater Stockholm area and at end of March 2019, the company has approximately 6,200 building permits in its portfolio. SSM has been listed on Nasdaq Stockholm (Small-Cap) since April 6, 2017. www.ssmlivinggroup.com