Sponda Plc Stock Exchange Release 31 December 2009 at 1:20 pm
Sponda signs EUR 150 million loan agreement
Sponda Plc has signed an agreement for a EUR 150 million unsecured 5-year loan
with Nordea Bank Finland Plc. The margin on the loan corresponds to today's
market rates and the terms and conditions of the loans are the same as with
Sponda's other loans.
The loan will be used in its entirety to repay existing debts and will replace
short term credit limits for the same amount that mature in March 2010.
Sponda Plc
Further information:
Kari Inkinen, President and CEO, tel. +358 400 402653
Sponda Plc is a real estate company specializing in commercial properties in the
largest cities in Finland and in Russia. Sponda's business concept is to own,
lease and develop office, retail and logistics properties into environments that
promote the business success of its clients. The fair value of Sponda's
investment properties is approximately EUR 2.8 billion euros and the leasable
area is around 1.5 million m².