Magnolia Bostad to redeem all outstanding bonds
Magnolia Bostad AB has in conjunction with an issue of new bonds, as communicated in a press release dated 21 April 2016, elected to exercise its option for early redemption in full of its currently outstanding bonds under its 2014/2018, 8.00 per cent senior secured bond with ISIN SE000593229 and its 2013/2016, 8.00 per cent senior unsecured bond with ISIN SE000556682. The record date for redemption of the 2014/2018 bonds is 20 May 2016 and the record date for redemption of the 2013/2016 is 23 May 2016.
The redemption of the 2014/2018 bonds is expected to occur on 27 May 2016 and the redemption of the 2013/2016 bonds is expected to occur on 30 May 2016. The amounts for redemption will be established in connection with the respective redemption date.
For further information, please contact:
Erik Rune, CFO
Telephone: +46 (0) 073-399 40 30
The information contained in this press release is such information that Magnolia Bostad is required to publish in accordance with the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication on 22 April 2016 at 8:00 a.m.
Magnolia Bostad develops efficient, attractive and functional residential properties, including rental apartments, tenant-owned apartments and hotels, in attractive locations primarily in Sweden’s growth areas. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's share (MAG) is listed on Nasdaq First North. Erik Penser Bank is the Certified Adviser for the Company. More information is available at www.magnoliabostad.se