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Skandia invests SEK 1bn in train infrastructure

Written by Adam Cadle
27/11/2020

Skandia has invested SEK 1bn in train infrastructure via a bond issued by the Eurofima partner body.

The bond aims to offer cost-effective financing and strengthen the incentives to modernise Europe's train services.

Eurofima is a non-profit association that supports the development of passenger traffic and the train companies' equipment and infrastructure. Eurofima was formed in 1956 by a treaty between 14 Western European states. Today, the collaboration is run by 25 states and 26 unit holders.

The bond, which has been rated AA by both rating agencies Moody's and S&P, covers a total of SEK 1.5bn and has a term of eight years and is guaranteed by Eurofima's member countries, including Sweden.

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