Sbb Debt News Today

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, which has racked up vast debt by buying public property, said in November it was looking for equity partners to help reduce its debt, as it tries to strengthen its financial stability and streamline operations.

SBB Debt: SBB has agreed to buy back 417.2 million euros of its debt for 403.8 million euros, SBB said, having previously announced a purchase up to a maximum of 600 million euros.

Loss-making SBB is at the centre of a Swedish property crash, having racked up vast debt by buying public real estate, including social housing, government offices, schools and hospitals.

Loss-making SBB, which is at the centre of a wider Swedish property crash, said on Thursday it would offer to buy back hybrid and senior securities for up to $650 million as the group looks to cut debt on its balance sheet.

Loss-making SBB is at the epicentre of a Swedish property crash, having racked up vast debt by buying public real estate, including social housing, government offices, schools and hospitals.

SBB: The $13 billion group, which owns swathes of property across Sweden including hospitals and schools, racked up a pre-tax loss of 11.1 billion Swedish crowns ($1.09 billion) in the second quarter, while its cash reserves shrank.