Balder announces a directed issue of 35 million (Class B) shares, raising proceeds almost 1.8BN
Fastighets AB Balder (publ) (“Balder”) has, based on the authorization granted by Balder’s Board carried out a direct share issue of 35,000,000 Class B shares at a subscription price of SEK 50.80 per share.Subscribers in the Issue is AMF and through the Issue Balder will receive proceeds amounting of almost SEK 1.8bn. The proceeds will be used to repurchase the outstanding hybrid capital security of EUR 320 million, originally EUR 350 million 5.5 year non-call, first reset date 7 March 2023 (ISIN: XS1677911825). By adding equity corresponding to half of the value of the hybrid capital of