Balder announces tender offer regarding outstanding hybrid capital securities

Fastighets AB Balder, via its subsidiary Balder Invest AB, has today announced an 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 44.41 million (the “Tender Offer”).

The purpose of the Tender Offer is, amongst other things, to proactively manage the Issuer's layer of hybrid capital: through the transaction, the Issuer expects to reduce its outstanding hybrid capital portfolio by up to EUR 44.41 million.

The buy back of the hybrid capital securities will be priced via an unmodified Dutch auction procedure. Expiration of the Tender Offer will be 17.00 CET on 29 September 2023 and settlement is expected to be on 4 October 2023. Details of the Tender Offer, the pricing mechanism and the timeline are available in the launch announcement via Euronext Dublin and the tender offer memorandum is available via the tender agent (https://deals.is.kroll.com/balder).

Balder has mandated BNP Paribas and Nordea to act as dealer managers for the tender.

Dealer Managers:
BNP Paribas, tel. +33 1 55 77 78 94, e-mail: liability.management@bnpparibas.com
Nordea Bank Abp, tel. +45 6136 0379, e-mail: 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 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 2023, the property portfolio had a value of SEK 222.2 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.