Heimstaden Bostad announces tender offer to buy back hybrid bonds backed with new equity commitments
Tender Offer Heimstaden Bostad AB has launched a tender offer to eligible holders of the company’s outstanding hybrid bonds to repurchase such hybrid bonds for a maximum total consideration of EUR 600 million (the “Tender Offer”). The purpose of the Tender Offer is, amongst other things, to proactively improve the company's financial metrics. Heimstaden Bostad has five hybrid bonds outstanding: · EUR 800 million 5.25 Year Non-Call, first reset date 19.02.2025(ISIN: XS2010037765) · EUR 500 million 5.5 Year Non-Call, first reset date 15.04.2026(ISIN: XS2125121769) · EUR