Heimstaden Bostad issues SEK 4.5bn in senior unsecured bonds
Heimstaden Bostad yesterday successfully issued SEK 4.5 billion in fixed and floating rate senior unsecured bonds under its EMTN programme with maturities of 2 and 5 years. The 2-year bond consists of two tranches, of which one carries an annual fixed rate coupon of 0.933% and the other carries a floating rate of Stibor 3 months +60 bps. The 5-year bond carries a floating rate of Stibor 3 months +110 bps. The net proceeds will be used to reduce the commitments under the bridge facility provided in connection with the acquisition of Akelius’ properties in Germany, Sweden, and Denmark, and