Heimstaden Bostad Completes the Buyback of Senior Unsecured Bonds
Heimstaden Bostad AB has bought back SEK 10,103,299,811 (EUR 907,175,290) of outstanding senior unsecured bonds for a total cash consideration of SEK 9,333,366,687 (EUR 838,042,995). The purpose of the transaction is, among other things, to proactively improve the company’s liability composition and debt maturity profile, and it is fully financed by existing liquidity available to the company and an amount of SEK 3,337,000,000 (EUR 299,629,230) equity raised from new and existing shareholders. The company decided to upsize the transaction and use its existing liquidity for this liability management exercise. The maximum equity commitment of SEK 4,500,000,000 (EUR 404,055,000) was not fully utilised as certain non-accepted tender bids did not satisfy the company’s liability management target.
|
Securities |
ISIN / Common Code |
Repurchased |
|
SEK 1,050,000,000 Floating Rate Notes due 23 November 2023 |
XS2412109105/241210910 |
SEK 733,000,000 |
|
SEK 2,800,000,000 0.933 per cent. Notes due 23 November 2023 |
XS2412106002/241210600 |
SEK 2,168,000,000 |
|
SEK 850,000,000 0.875 per cent. Notes due 22 January 2024 |
XS2420346517/242034651 |
SEK 750,000,000 |
|
EUR 700,000,000 2.125 per cent. Notes due 5 September 2023 |
XS1958655745/195865574 |
EUR 95,809,000 |
|
EUR 700,000,000 Callable Floating Rate. Notes due 19 January 2024 |
XS2430702873/2430707287 |
EUR 192,970,000 |
|
EUR 1,250,000,000 0.250 per cent. Notes due 13 October 2024 |
XS2397239000/239723900 |
EUR 43,133,000 |
|
EUR 700,000,000 0.625 per cent. Notes due 24 July 2025 |
XS2435603571/243560357 |
EUR 22,799,000 |
|
EUR 500,000,000 1.125 per cent. Notes due 21 January 2026 |
XS2105772201/210577220 |
EUR 15,268,000 |
|
EUR 700,000,000 1.375 per cent. Notes due 3 March 2027 |
XS2225207468/222520746 |
EUR 26,862,000 |
|
EUR 750,000,000 1.000 per cent. Notes due 13 April 2028 |
XS2397252102 / 239725210 |
EUR 62,598,000 |
|
EUR 500,000,000 1.375 per cent. Notes due 24 July 2028 |
XS2435611244 / 243561124 |
EUR 14,885,000 |
|
EUR 750,000,000 0.750 per cent. Notes due 6 September 2029 |
XS2384269366 / 238426936 |
EUR 65,663,000 |
|
EUR 750,000,000 1.625 per cent. Notes due 13 October 2031 |
XS2397252011 / 239725201 |
EUR 39,365,000 |
BNP Paribas, Citigroup, Danske Bank, Deutsche Bank, J.P. Morgan and Swedbank acted as dealer managers and Kroll Issuer Services as tender agent.
Contact
Christian V. Dreyer, CCO
media@heimstaden.com
Malin Lethenström, Investor Relations
ir@heimstaden.com
About Heimstaden Bostad
Heimstaden Bostad is a leading European residential real estate company with around 158,000 homes across 9 countries and a property value of SEK 345 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share - our 2,200 colleagues strive to fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. Read more at www.heimstadenbostad.com.
This information is such information that Heimstaden Bostad AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact persons, for publication on 6 March 2023 at 18:00 CET.