Heimstaden Bostad Completes the Buyback of Senior Unsecured Bonds
Heimstaden Bostad AB has bought back SEK 10,103,299,811 (EUR 907,175,290) of outstanding senior unsecured bonds for a total cash consideration of SEK 9,333,366,687 (EUR 838,042,995). The purpose of the transaction is, among other things, to proactively improve the company’s liability composition and debt maturity profile, and it is fully financed by existing liquidity available to the company and an amount of SEK 3,337,000,000 (EUR 299,629,230) equity raised from new and existing shareholders. The company decided to upsize the transaction and use its existing liquidity for this liability