STOCKHOLM, March 5 (Reuters) - Swedish bourse operator

Nasdaq Stockholm said on Tuesday Oscar Properties had

received observation status on the Stockholm Stock Exchange.

Oscar Properties is one of several highly indebted

Swedish real estate groups buckling under soaring borrowing

costs and slower demand. Some of its creditors have in recent

months demanded immediate repayment of loans.

The bourse said in a statement it had taken the measure

based on the above news, and its rule that an issuer's financial

instruments may be given observation status if there is

uncertainty in respect of the issuer's financial position.