Leiv Synnes News Today

Swedens indebted SBB reported a first-quarter loss of 1.3 billion Swedish crowns on Monday, but predicted financing conditions would improve as it made further write downs on the value of its...

The troubles at one of Swedens largest commercial landlords are unfolding as the country attempts to ride out a persistent property crisis, triggered by high debts, rising interest rates and a wilting economy.

Samhällsbyggnadsbolaget i Norden AB will publish interim report January-March 2024 on 6 May 2024 at 08:00 CEST. SBBs CEO Leiv Synnes will present the results on the same day at...

As a step in SBBs efforts to eventually dissolve jointly owned residential property structures, SBB has signed a framework agreement with Riksbyggen regarding the dissolution of the...

Swedish property group SBB said on Tuesday that its pre-tax loss narrowed in the fourth quarter and it expected to find it easier to reduce its debt pile this year. Large debts with...

The property group, which has been scrambling to cut its debt mountain, recently repaid some bondholders a fraction of what they were owed in a tender offer.

STOCKHOLM: Swedish real estate group SBB says it will buy back debt at a discount of 60% compared with the debt’s original value, in an attempt to calm investors’ nerves as it scrambles to tackle a multi-billion-dollar debt pile.

SBB: The buyback will trim the struggling property companys debts, which amounted to some 62 billion Swedish crowns ($5.9 billion) at the end of last year.

SBB, Sweden’s largest commercial landlord, wrote down the value of its property by more than 13 billion crowns (S$1.69 billion). Read more at straitstimes.com.

-Two of Swedens largest property companies on Tuesday announced multibillion-crown writedowns in their 2023 results, dealing fresh blows to their beaten-down shares even though both voiced hopes the... -February 27, 2024 at 06:03 am EST - MarketScreener