BCLP advises Specialfastigheter on establishment of EUR4.5bn Euro Medium Term Note Program

BCLP has advised Swedish real estate corporation Specialfastigheter on the establishment of its debut EUR4.5 billon Euro Medium Note Programme.

Owned by the Swedish state, Specialfastigheter is one of the largest operators and developers of properties linked to Sweden’s national security, with a focus on offering sustainable solutions to socially important tenants with specific security requirements. 

Under the Program, Specialfastigheter will be able to raise debt capital by issuing English law bonds to international investors, including green bonds aligned with the company’s green financing framework. Additionally, Specialfastigheter prepared a base prospectus, which was approved by the Irish Central Bank, with bonds issued to be admitted to trading on Euronext Dublin’s EEA regulated market. 

The BCLP transaction team was led by Partner Vishal Mawkin and included Senior Consultant David Dunnigan, Associate Liam Scott and Trainee Dominic Bridge, all Finance Transactions, London.