Heimstaden Bostad Issues EUR 1,200 million Fixed Rate Notes and Repays Bridge Facility

Heimstaden Bostad today successfully priced EUR 1,200 million senior unsecured fixed rate notes with 3.5- and 6.5- year tenors under its EMTN programme.  

The EUR 700 million 3.5 years note, and EUR 500 million 6.5 years note carries an annual coupon of 0.625% and 1.375%, respectively. The notes are expected to be rated `BBB' by S&P.

The net proceeds, together with cash at hand, will be used to repay the entirety of the loan outstanding under Heimstaden Bostad’s bridge financing facility related to the acquisition of Akelius’ portfolios in Sweden, Denmark, and Germany, and for general corporate purposes. 

An application will be made for the bond to be listed on Euronext Dublin. The final terms, once published, will be made available on Euronext Dublin and www.heimstadenbostad.com.

BNP Paribas, Citi, Danske Bank, Deutsche Bank, ING, J.P. Morgan, Nordea, Nykredit, Svenska Handelsbanken, Swedbank and UniCredit acted as Joint Bookrunners.

Contact:
Adam Lindh, Head of Treasury
+46 70 883 96 74
adam.lindh@heimstaden.com
                
Arve Regland, CFO
+47 479 07 700
arve.regland@heimstaden.com

About Heimstaden Bostad

Heimstaden Bostad is a leading European residential real estate company that buys, develops, and manages homes. Through our values Care, Dare and Share, we create value for owners and Friendly Homes for customers. We own about 150,000 homes with a property value of SEK 290 billion. 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 17 January 2022 at 20:00 CET.