The share price of Swedish real estate company SBB fell by 16 percent on Tuesday. SBB has cancelled plans for a new issue of D-shares for SEK 2.6 billion.
The company received a lower credit rating from the credit rating company S&P. This means that SBB's interest expenses will increase by 20 percent, an insider says. S BB has several large bond loans maturing in the near future, and lenders are not likely to be queuing to lend to the company.