SBB WKN: A2E40N ISIN: SE0009554454 Kürzel: 0AAS Forum: Aktien User: Wolf_of_Sweden

Refinancing challenges loom for Europe’s commercial real estate: Investor confidence has improved but a shake-out of distressed owners is still in its infancy: In northern Europe debt levels look stretched. Germany's Aroundtown and Sweden's Castellum, SBB and Pandox are some of the owners https://www.ft.com/content/b798f80e-5d9d-4577-a234-dc3e98fe0b23

Fitch: German and Swedish bank asset quality to face more pain, says Fitch https://reactnews.com/article/german-and-swedish-bank-asset-quality-to-face-more-pain-says-fitch/

Under the hybrids’ T&Cs, such an “optional interest deferral” is not an event of default. Under Fitch’s criteria, an activation of a cumulative deferral by itself is not automatically deemed to be non-performance. Fitch considers the instrument non-performing if the deferral period is expected to exceed six months or one due payment in the case of an annual interest payment instrument... if the hybrid interest deferral will continue, Fitch cannot reliably forecast non-performance. However, the existing subordinated ‘CCC-’ rating of SBB’s hybrids already reflects 0% “RR6” recovery estimates and severe loss absorption. https://www.fitchratings.com/research/corporate-finance/sbbs-announced-hybrid-interest-deferral-aids-liquidity-ratings-unaffected-03-01-2024

Nordic Property Transaction Volumes Slump to Lowest in a Decade https://globalinsolvency.com/headlines/nordic-property-transaction-volumes-slump-lowest-decade

Swedish Landlord Oscar Properties Hit With Bankruptcy Claim https://globalinsolvency.com/headlines/swedish-landlord-oscar-properties-hit-bankruptcy-claim

Aus finanziellen Gründen setzt die SBB die Zinszahlungen für die Hybridanleihen des Unternehmens aus https://www.di.se/nyheter/sbb-skjuter-upp-rantebetalningar-pa-hybridobligationer/

Schwedens SBB verschiebt Zinszahlungen für Hybridanleihen, um die Liquidität zu erhöhen: Der schwedische Vermieter SBB und seine Einheit Offentliga Hus I Norden werden Zinszahlungen für alle seine Hybridanleihen aufschieben, da sich die Krise im Gewerbeimmobilienbereich im Land verschärft. https://www.nasdaq.com/articles/swedens-sbb-postpones-interest-payments-on-hybrid-bonds-to-boost-liquidity

Schwedens SBB sammelt Wohnvermögen in Tochtergesellschaft vor Aktienverkauf https://ch.marketscreener.com/kurs/aktie/SAMHALLSBYGGNADSBOLAGET-I-39435780/news/Schwedens-SBB-sammelt-Wohnvermogen-in-Tochtergesellschaft-vor-Aktienverkauf-45587569/

Rekord-Leerverkäufe an der Stockholmer Börse: Die Immobilienrallye an der Börse löst bei vielen Jubel aus. Aber der Anstieg hat auch dem schwedischen Aktienmarkt einen blutigen Zahn verpasst. Der Aktienmarkt insgesamt ist nun so leerverkauft wie seit fast vier Jahren nicht mehr. Das Kapital, das in Schweden in Leerverkäufe fließt, steigt und liegt wieder auf dem Niveau von 2020. https://www.affarsvarlden.se/artikel/efter-tomterally-rekordhog-blankning-pa-stockholmsborsen

FI Analysis No. 43: d-SRI: A systemic risk indicator for Sweden: d-SRI indicates build-up of risks during the years leading up to the crisis in the 1990s, the 2000 dot-com crash, and the 2008 financial crisis. In present time when we see reduced credit growth and lower asset prices, d-SRI is showing that financial conditions are tight. https://www.fi.se/contentassets/881d268adf204fc592ff2bcfe55adbe3/fi-analys-43-d-sri-systemriskindikator-eng.pdf

Swedish property firms are facing a formidable challenge as they grapple with the need to refinance or repay approximately $12 billion of bonds and hybrid debt in 2024, adding pressure to an already troubled real estate sector at the epicenter of Europe’s crisis https://www.voiceofeurope.com/swedish-landlords-confront-12-billion-debt-wall-amid-real-estate-crisis/

Schwedische Vermieter stehen mit Schuldenmauer in Höhe von 12 Milliarden US-Dollar vor einem schwierigen Jahr: Die Pfändung eines Vermieters in Stockholm zeigt, dass die Gläubiger bereit sind zu handeln. Das nächste Jahr wird ein kritischer Test für den schwedischen Immobilienmarkt sein. https://www.bloomberg.com/news/articles/2023-12-20/swedish-landlords-face-crunch-year-with-12-billion-debt-wall

Scope rating: SBB i Norden suffers from liquidity problems. The Nordic real estate firm has deteriorating credit metrics amid concerns about governance and transparency despite no significant development exposure. https://scoperatings.com/ratings-and-research/research/EN/175956

How Sweden's commercial real estate problems could spark financial meltdown https://www.nst.com.my/property/2023/12/989925/how-swedens-commercial-real-estate-problems-could-spark-financial-meltdown

Sweden’s real estate market is suffering. Sweden Posts Sharp Home-Price Plunge as Rates Hit Global Markets. The Nordic country logged an 11% decline. https://www.bloomberg.com/news/articles/2023-12-13/sweden-property-woes-turn-safest-bank-into-second-most-shorted

Swedish Lender Is Europe’s ‘Safest Bank’—And One of the Most Shorted https://www.bloomberg.com/news/articles/2023-12-13/sweden-property-woes-turn-safest-bank-into-second-most-shorted