Corem considers issuance of green SEK bonds and announces tender offer for the outstanding Klövern 2018/2022 SEK bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.

Corem Property Group AB (publ) (the “Issuer” or “Corem”) has mandated Nordea and Swedbank as joint bookrunners to arrange investor meetings to investigate the possibility to issue new green SEK senior unsecured bonds (the "New Bonds"). Subject to market conditions, a capital markets transaction will follow.

In connection with the issue of the New Bonds, Corem is offering holders of its subsidiary Klövern AB (publ)’s (“Klövern”) outstanding senior unsecured floating rate green bonds maturing on 4 April 2022 with ISIN SE0011063163 and outstanding amount of SEK 2,350,000,000  (the “Bonds”) to tender Bonds in a maximum amount corresponding to the proceeds from the New Bonds for purchase by the Issuer for cash (the “Tender Offer”) at a price of 100.20 per cent of the nominal amount. The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 10 January 2022 (“Tender Information Document”).

The Tender Information Document can be found via the following link: 
www.corem.se/sv/investerare/prospekt-och-villkor/

The Tender Offer expires at 12:00 CET on 13 January 2022, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 20 January 2022 and to the extent possible on the same day as the settlement of the New Bonds. The Issuer’s repurchase of the Bonds is conditional upon a successful issue of the New Bonds.

Holders of the Bonds accepting the Tender Offer will be eligible to receive a priority in the allocation of the New Bonds, subject to the terms in the Tender Information Document.

The Issuer has mandated Nordea and Swedbank to act as dealer managers and joint bookrunners in connection with the issue of New Bonds and the Tender Offer and Gernandt & Danielsson Advokatbyrå KB and Walthon Advokater AB have been appointed as legal counsels.

Attachment: Tender Information Document.

Dealer Managers
Nordea Bank Abp: +45 6136 0379, NordeaLiabilityManagement@nordea.com
Swedbank AB (publ): +46 (0)8 700 90 22, Syndicate@swedbank.se

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Jens Andersson, Head of Finance, +46 76 855 67 02, jens.andersson@corem.se
Eva Landén, CEO, +46 8 503 853 33, eva.landen@corem.se

Corem Property Group AB (publ)
Address: P.O. Box 56085, SE-102 17 Stockholm
Visitors: Riddargatan 13 C
Reg.no: 556463-9440
www.corem.se

This information is information that Corem Property Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact persons above on 10 January 2022 at 10:30 CET.

This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.