Monthly update SCFI June 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for June of NAV 64.79, a decrease of -0.09%. The NAV price means a total change of -36,38% since closing, of which -10% of the total change is the fund's first repayment to unit owners. The net change, regardless of the refund, thus adds up to -26.38% since closing. The month's NAV change is derived [...]
Monthly update SCFI May 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for May of NAV 64.85, a decrease of 3.5%. The month's NAV change is derived in part from a strengthened Swedish krona where the USD loses approx. -4% (USD/SEK) and increased provisions in accordance with the IFRS9 model where a holding is moved from category 2 to category 3, which increased the provision by [...]
Monthly update SCFI April 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for April of NAV 67.2. That's down by 2,07%. A new loan of 5 mDKK was disbursed to 14 04 2024 A/S (formerly b.energy) under a signed Letter of Intent dated 14 July 2023. During February, the fund closed the remaining currency hedges. This means that the fund lowers [...]
Monthly update SCFI March 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for March of NAV 68.62. It is down by 5.63%. No new lending took place either to external borrowers or to the majority-owned companies during March. During February, the fund closed the remaining currency hedges. This means that the fund lowers the running costs. The volatility of the fund's NAV […]
Monthly update SCFI February 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for February of NAV 72.71. It is down by 0.85%. No new lending took place either to external borrowers or to the majority-owned companies during February. During February, the fund closed the remaining currency hedges. This means that the fund lowers the running costs. The volatility of the fund's NAV [...]
Monthly update SCFI January 2024
Scandinavian Credit Fund I AB (publ) reports a NAV rate for January of NAV 73.33. It is down by 0.52%. No new lending took place either to external borrowers or to the majority-owned companies during January. During January, the fund closed the remaining currency hedges. This means that the fund lowers the running costs. The volatility of the fund's NAV [...]
Monthly update SCFI December 2023
Scandinavian Credit Fund I AB (publ) reports a NAV rate for December of 73.71. It is down by 0.16%. No new lending took place to external borrowers during December. To the majority-owned companies, the fund has lent 3.5 MDK to the electricity trading company b.energy, while Global Scanning amortized its loan of 2.2 MUSD. During December, the fund closed additional currency hedges [...]
Monthly update SCFI October 2023
Scandinavian Credit Fund I AB (publ) reports a NAV rate for October of 75.25. That's down 3.78 %. The decline is attributable to a write-down of a credit of approximately SEK 80m. This is because a borrower has been moved from category 1 to category 2. The borrower was moved to category 2 due to non-payment of interest. […]
Monthly update SCFI September 2023
Scandinavian Credit Fund I AB (publ) reports a NAV rate for August of 78.21. That's down 2.17 %. The decline is attributable to reservations by two property developers, one Norwegian and one Swedish. The fund had no new lending during September. No disposals took place during the month. A settlement was reached in a dispute without any […]
