Cibus Nordic Real Estate AB (publ) hedges its entire senior debt.

This week Cibus entered additional interest rate hedges of SEK 435m. This means that, somewhat simplified, the entire senior bank debt is now covered by interest rate hedges and that the current interest rate for bank loans including credit margin together with derivatives will not exceed 4,55 % for the senior debt as a whole, as of 30 September 2023 until first half of 2025. Thereafter the hedges will mature successively until 2027.

Since the turn of the year interest rate swaps of approximately EUR 284m have been entered, with fixed interests on Euribor between 2,94-2,97 % and Stibor of 3,48%. The hedges take effect from around mid-year with tenors around 4 years.