Balder announces results regarding tender offer on outstanding hybrid capital securities
Fastighets AB Balder (publ), via its subsidiary Balder Invest AB, has today announced the results of its invitation to holders of the hybrid capital securities, 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 100 million (the “Tender Offer”).
The results are as follows:
| ISIN | First reset date | Issued (EUR) | Repurchased (EUR) |
| XS2305362951 | 02-Jun-26 | 500.000.000 | 100.000.000 |
The expected Settlement Date in respect of the Tender Offer is 1 March 2024. Full details concerning the Tender Offer are set out in the Tender Offer Memorandum.
BNP Paribas and Nordea have acted as Dealer Managers for the Tender Offer and Kroll as Tender Agent.
Dealer Managers:
BNP Paribas, tel. +33 1 55 77 78 94, liability.management@bnpparibas.com
Nordea Bank Abp, tel. +45 6136 0379, nordealiabilitymanagement@nordea.com
For further information, please contact:
Erik Selin, CEO, tel. +46 31-10 95 92
Ewa Wassberg, CFO, tel. +46 31-351 83 99
Fastighets AB Balder (publ) 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 31 December 2023, the property portfolio had a value of SEK 211.7 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.