Balder announces results regarding tender offer on outstanding hybrid capital securities
Fastighets AB Balder, via its subsidiary Balder Invest AB, has today announced the results of its invitation to holders of its EUR 350 million 5.5 year non-call, first reset date 7 March 2023 (ISIN: XS1677911825) and EUR 500 million 5.25 year non-call, first reset date 2 June 2026 (ISIN: XS2305362951) to tender their hybrid capital securities for purchase by Balder Invest AB for cash up to an aggregate principal amount of EUR 85 million (the “Tender Offer”).
The final results are as follows:
| ISIN | First reset date | Issued (EUR) | Repurchased (EUR) |
| XS1677911825 | 07-Mar-23 | 350,000,000 | 29,100,000 |
| XS2305362951 | 02-Jun-26 | 500,000,000 | 55,900,000 |
| Total | 850,000,000 | 85,000,000 |
The expected Settlement Date in respect of the Offers is 14 September 2022. Full details concerning the Offers are set out in the Tender Offer Memorandum.
Deutsche Bank and Nordea has acted as Dealer Managers for the tender and Kroll as Tender Agent.
Dealer Managers:
Deutsche Bank, tel. +44 20 7545 8011
Nordea Bank Abp, tel. +45 6136 0379, email: nordealiabilitymanagement@nordea.com
For further information, please contact:
CEO Erik Selin, tel. +46 (0)31-10 95 92
Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 June 2022, the property portfolio had a value of SEK 206.5 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.