Prefabia AB, a Swedish-based company that invests in real estate development, has commenced a global capital-raising endeavor by issuing corporate fixed-rate Euro Bonds with the following properties:
- Issuer: Prefabia AB
- Issue Size: EUR (€) 6 million
- Coupon/Terms: 8 % per annum, paid annually
- Listing: TBC
- Status: Ordinary
- Form: book-entry form
- Issue Date: April 2023
- Maturity: 2026
- Clearing: Euroclear CREST
- Global Coordinator & Structuring Adviser: Wolfline Capital Corp
- Use of Proceeds: The borrower intends to use the proceeds for financing a building project in a ski resort area 450 km away from Stockholm.
Incorporated in Sweden on 21 August 2006, Prefabia AB is planning to invest in a lucrative real-estate development project in a popular, snow-safe ski resort area of Vemdalen that boasts 58 slopes and 35 chair lifts for winter season tourism. During other seasons, Vemdalen Resort offers tourists abundant amenities for hiking, golf, cycling, fishing, and horseback riding.
According to the project estimates, the resort comprises 15 dwellings with 10 semi-detached apartments of approximately 140 sqm living area and five double-story ateliers with 57 sqm living area per property. The total project thus includes a total of 1,685 sqm of living area.
“We are hopeful about the prospects of raising capital that will allow us to develop and upgrade Vemdalen into an upscale resort area that will attract tourists from across the globe,” says Marco Hadzic, CEO of Prefabia AB.
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