Heimstaden Bostad issues two new senior unsecured bonds for a total SEK 1,250 million
Heimstaden Bostad AB has successfully issued two SEK-denominated senior unsecured bonds for SEK 750 million and SEK 500 million, respectively. The SEK 750 million bond has a maturity of four years and a floating rate of STIBOR three months plus 80 bps. The proceeds will be used to refinance SEK 500 million of a SEK 1,200 million senior unsecured bond maturing in May 2022 and for general corporate purposes. The second bond with a notional value of SEK 500 million has a maturity of three years and a floating rate of STIBOR three months plus 67 bps. The proceeds will be used for general