Heimstaden Bostad successfully places EUR 650m senior unsecured bond
Heimstaden Bostad AB has today successfully completed the issue of a EUR 650 million senior unsecured bond under its EMTN programme. The bond has a maturity of 6.5 years and carries a fixed coupon of 1.375% p.a. The company intends to allocate a share of the proceeds for the repayment of short-term bank loans. Proceeds will also be used to finance the ongoing tender offer to buy back up to EUR 150 million of its outstanding EUR 500 million senior unsecured bond maturing in December 2021. All remaining proceeds will be used for general corporate purposes. Commenting on the transaction,