Akelius Residential Property SKr2 billion share issue

Overview:

• Akelius Residential Property, a Swedish residential company, has issued SKr2 billion in preference shares.
• The preference shares of Akelius are listed on Nasdaq First North.
• The issue was directed to institutions and the banks' private banking clients.
• 37% of the new preference shares were purchased by international investors.
• Danske Bank and Swedbank acted as financial advisers.
• The proceeds will be used to create residential housing for current and prospective tenants.

Wai Yee Tsang - Journlaist