Snellman acted as legal advisor to Bonava AB (publ) in connection with Bonava’s issuance of new senior secured green floating rate notes, in an amount of SEK 1.5 billion under a total framework amount of SEK 2 billion.

Snellman also acted as legal advisor to Bonava in connection with Bonava’s entry into a new syndicated facilities agreement with a total credit volume of approximately EUR 200 million, and the related conditional tender offer for, and total redemption of, Bonava’s outstanding SEK 960 million senior secured floating rate green notes.

Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. With its 900 employees, Bonava develops residential housing in Germany, Sweden, Finland, Latvia, Estonia and Lithuania. To date, the company has built about 50,000 homes and reported net sales of approximately SEK 8 billion in 2025. Bonava’s shares and green bond are listed on Nasdaq Stockholm.

Snellman’s core advisory team comprised Fredrik Olsson, Carolina H. Wahlby, Rezan Akkurt, Ebba Sjölin and Charlotte Säker (Finance and Restructuring), and Mattias Friberg, Lisa Kindstedt and Edvin Matton (Capital Markets).