Heimstaden AB (publ) (”Heimstaden” or ”the Company”) issues subsequent Hybrid bonds in the amount of SEK 1,000 million in the Nordic capital markets.
Heimstaden has successfully issued subsequent Hybrid bonds in the amount of SEK 1,000 million under the Company’s Hybrid bond loan (ISIN SE0012455111), implying that the total outstanding volume is SEK 4,000,000,000 under a framework amount of SEK 5,000,000,000. The new Hybrid bonds were issued at a price of 103% of the nominal amount, corresponding to a floating interest rate of STIBOR 3m + 518 basis points to first call date. The Hybrid bonds have a perpetual maturity with a first call date in approximately 4.7 years.
Heimstaden intends to apply for listing of the Hybrid bonds on the Nasdaq Stockholm Corporate Bond List.
Nordea and Swedbank have acted as Joint Bookrunners and Gernandt & Danielsson Advokatbyrå has acted as legal counsel in connection with the subsequent bond issue.
For further information, please contact:
Arve Regland, CFO +47 479 07 700 arve.regland@fredensborg.no
Adam Lindh, Head of Finance +46 708 83 96 74 adam.lindh@heimstaden.com