Heimstaden issues SEK 500m perpetual hybrid bond
Heimstaden AB (publ) yesterday successfully issued SEK 500 million subsequent subordinated perpetual hybrid bond under its outstanding SEK 4,000 million hybrid bond (ISIN SE0012455111), raising the total outstanding amount to SEK 4,500 million under a framework amount of SEK 5,000 million. The new hybrid bond was issued at a price of 101.750% of nominal value, which corresponds to a floating interest rate of STIBOR three months plus 532 bps to first call date, 11 October 2024. An application will be made for the bond to be listed on the corporate bond list of Nasdaq Stockholm.