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Vacse Plans First-Ever Bond to Expand in Swedish Properties

Vacse, a property investor tied to some of Sweden’s largest companies, plans to sell its inaugural bond as early as next week as part of a plan to make the capital markets its main source of funding.

The senior unsecured bond will be sold under Vacse’s 3 billion-krona ($453 million) medium-term note program and will be used to expand investments in properties as well as replace a bridge loan, Chief Financial Officer Christian Haglund said in interview in Stockholm yesterday.