Stendörren Fastigheter AB (Nasdaq Stockholm Mid Cap: STEF B) expects trading of its SEK 300 million green senior unsecured notes to begin on or around April 13, 2026, following SFSA prospectus approval on April 9. The notes were issued February 2026 within an SEK 800 million framework.

Stendörren Fastigheter AB (publ), an expansive Swedish property company focused on logistics, warehouse, and light industrial real estate in Nordic growth regions, has announced that it has published a prospectus and applied for admission to trading of its recent green bond issuance on the sustainable bond list of Nasdaq Stockholm. In a press release dated April 9, 2026, Stendörren confirmed that the company had issued subsequent green senior unsecured notes of SEK 300 million on February 23, 2026, within a framework of SEK 800 million. The prospectus prepared in connection with the application for admission to trading was approved and registered by the Swedish Financial Supervisory Authority (Finansinspektionen) on April 9, 2026. The first day of trading of the notes is expected to be on or around April 13, 2026. The prospectus is available on Stendörren's website and will also be published on the Swedish Financial Supervisory Authority's website, in accordance with standard disclosure practices for bond issues admitted to trading on regulated Swedish markets.

About Stendörren Fastigheter

Stendörren Fastigheter AB (publ) is an expansive property company focused on logistics, warehouse, and light industrial real estate in Nordic growth regions. The company is listed on Nasdaq Stockholm Mid Cap, providing it with access to public equity capital markets and a listed investor base. The business concept is to create profitable growth in net asset value, which the company pursues through value-creating acquisitions, capitalizing on the positive rental growth that follows the urbanization of metropolitan regions, and developing existing assets, including the company's extensive and unique building rights portfolio. The combination of acquisitions, rental growth capture, and property development activities provides multiple levers for value creation over time. Stendörren's focus on logistics, warehouse, and light industrial properties aligns the company with key growth segments of the Nordic commercial real estate market, where demand has been supported by e-commerce expansion, supply chain reconfiguration, and broader economic development across the region.

Green Bond Issuance Details

The subsequent green senior unsecured notes that Stendörren issued on February 23, 2026 amounted to SEK 300 million within a broader framework of SEK 800 million. The classification of the notes as green reflects the company's commitment to aligning its financing activities with sustainability principles and the use of proceeds for environmentally beneficial purposes in accordance with its green finance framework. Green bonds, or sustainability-linked bonds more broadly, have become an increasingly important category within the European debt capital markets as issuers, investors, and regulators have placed greater emphasis on environmental considerations in investment and financing decisions. For Stendörren, the green bond issuance is part of its ongoing financing strategy and reflects the integration of sustainability considerations into the company's capital markets activities. The application for admission to trading on Nasdaq Stockholm's sustainable bond list provides additional visibility and liquidity for the notes, benefiting both the issuer and investors who hold the notes in their portfolios.

Prospectus Approval and Listing Timeline

The prospectus prepared by Stendörren in connection with the application for admission to trading of the green notes was approved and registered by the Swedish Financial Supervisory Authority on April 9, 2026. The approval of a prospectus by the regulatory authority is a formal step required under Swedish and European Union capital markets law before securities can be admitted to trading on a regulated market. The prospectus provides detailed information about the issuer, the securities, and the use of proceeds, enabling investors to make informed decisions about their investment. Following the prospectus approval, Stendörren anticipates that the first day of trading of the notes will be on or around April 13, 2026. This listing timeline reflects standard market practice for Swedish corporate bond issues and provides investors with clear visibility into when the notes will become available for secondary market trading on Nasdaq Stockholm's sustainable bond list with full transparency.

Nasdaq Stockholm Sustainable Bond List

The sustainable bond list on Nasdaq Stockholm is a dedicated listing venue for bonds that meet specific sustainability criteria, including green bonds, social bonds, sustainability bonds, and sustainability-linked bonds. The list provides a focused platform for investors seeking to identify fixed income instruments that align with their sustainability objectives and for issuers looking to highlight the environmental or social attributes of their debt securities. Admission to the sustainable bond list requires compliance with specific standards related to the use of proceeds, reporting on environmental or social impact, and adherence to recognized principles such as the International Capital Market Association's Green Bond Principles or similar frameworks. By applying for admission to this list, Stendörren demonstrates its commitment to transparent and credible green financing practices, and it signals to the market that its green bonds meet the required standards. This visibility can contribute to broader acceptance of the notes within the sustainable finance investor community across Europe.

Nordic Logistics Real Estate Market

The Nordic logistics and industrial real estate market has been one of the most attractive segments of the broader commercial real estate sector in recent years, driven by several structural trends. The rapid growth of e-commerce has increased demand for modern distribution centers and last-mile logistics facilities. Supply chain reconfiguration, including nearshoring and inventory buffering strategies, has similarly supported demand for warehouse space. Urbanization and population growth in metropolitan regions have created additional demand for logistics infrastructure to serve these areas. At the same time, sustainability considerations have become increasingly important, with tenants, investors, and regulators seeking properties that meet high environmental standards, including energy efficiency, renewable energy integration, and certification under frameworks such as BREEAM or LEED. Stendörren's focus on logistics, warehouse, and light industrial properties positions it to benefit from these structural trends while navigating the specific challenges of real estate investment and development in the Nordic region.

Green Finance and Sustainable Investment

Green finance has emerged as a major theme in European capital markets over the past several years, reflecting the broader transition toward a more sustainable economy and the integration of environmental considerations into investment decisions. Green bonds in particular have grown rapidly as an asset class, with issuance volumes increasing each year and a diverse range of issuers participating in the market. For real estate companies such as Stendörren, green bonds can finance activities such as acquiring or developing energy-efficient buildings, retrofitting existing properties to improve their environmental performance, investing in renewable energy generation on property sites, and other initiatives that contribute to environmental objectives. The use of green finance frameworks also provides a structured way to communicate with investors about the environmental impact of financing activities and to align financing with the company's broader sustainability strategy. Stendörren's ongoing participation in the green bond market reflects the integration of sustainability into its financing and capital allocation decisions.

Senior Unsecured Notes Structure

The notes issued by Stendörren are structured as senior unsecured notes, which is a common format for corporate debt in the Swedish market. Senior unsecured notes rank ahead of subordinated debt in the capital structure but are not backed by specific collateral, relying instead on the general credit quality of the issuer and the overall strength of its balance sheet and cash flows. This structure provides flexibility for the issuer while offering investors exposure to the company's overall credit profile. The total framework of SEK 800 million provides Stendörren with the ability to issue additional notes under the same framework in the future as market conditions and funding needs dictate. Subsequent issuances within a framework allow issuers to tap the market efficiently without the need to prepare entirely new documentation each time, providing a more cost-effective approach to debt capital markets financing over the lifecycle of the program.

Capital Markets Strategy and Investor Base

For real estate companies like Stendörren, access to diversified sources of capital is essential to supporting growth, funding acquisitions, and maintaining financial flexibility. Public debt capital markets provide an important complement to bank financing, equity capital markets, and other funding sources. By issuing green bonds and listing them on Nasdaq Stockholm's sustainable bond list, Stendörren expands its investor base to include sustainability-focused fixed income investors, institutional asset managers, pension funds, insurance companies, and other investors looking to allocate capital to environmental, social, and governance-aligned opportunities. This broader investor base can contribute to more efficient pricing, better access to capital during market stress, and stronger relationships with a diverse set of stakeholders. Stendörren's capital markets strategy reflects the evolution of Nordic corporate finance, where issuers increasingly integrate sustainability considerations into their financing decisions and communicate transparently with the investor community.

Management and Investor Contact

Stendörren Fastigheter is led by Chief Executive Officer Erik Ranje and Chief Financial Officer Per-Henrik Karlsson, both of whom are identified as contacts for media and investor inquiries in the company's press release. The CEO and CFO play central roles in the company's capital markets activities, including bond issuances, investor communications, and strategic financial planning. Regular engagement with the investment community through press releases, annual and interim reports, investor presentations, and direct dialogue supports ongoing transparency and helps build strong relationships with institutional and retail investors. For a listed property company, effective investor communications are particularly important because property valuations, rental growth, and capital allocation decisions are central to the investment thesis and require clear explanation and context. Stendörren's approach to investor relations reflects these considerations and supports its broader goal of creating value for shareholders through disciplined and transparent execution of its business strategy.

Sustainability in Nordic Real Estate

Sustainability has become a defining theme for the Nordic real estate industry, and property companies operating in the region are increasingly expected to demonstrate strong performance on environmental, social, and governance metrics. Energy efficiency, reduction of operational carbon emissions, integration of renewable energy, water conservation, waste management, and biodiversity are among the environmental considerations that play a role in property investment decisions. Social considerations include tenant welfare, health and safety, community impact, and diversity within the company's own workforce. Governance factors include board composition, risk management, transparent reporting, and compliance with regulatory requirements. Investors and tenants are placing increasing weight on these factors when making decisions, and regulatory developments at the European Union level are further formalizing sustainability expectations. Stendörren's green bond program and commitment to sustainable finance frameworks position the company to respond to these expectations and to capture the opportunities presented by the ongoing transition toward a more sustainable built environment.

Conclusion

Stendörren Fastigheter's April 9, 2026 announcement of the publication of a prospectus and application for admission to trading on Nasdaq Stockholm's sustainable bond list for its SEK 300 million green senior unsecured notes represents a routine but meaningful milestone in the company's capital markets activities. With the prospectus approved by the Swedish Financial Supervisory Authority and the first day of trading anticipated on or around April 13, 2026, the notes will soon become available for secondary market trading among investors focused on sustainable finance. For Stendörren, the transaction underscores its commitment to green financing and its ongoing engagement with the Nordic debt capital markets as part of a diversified funding strategy. As the company continues to pursue its business concept of profitable growth in net asset value through logistics, warehouse, and light industrial real estate in Nordic growth regions, green bond issuances such as this one provide an important source of capital aligned with the company's sustainability objectives and its relationships with the investor community across the Nordic markets.