Heimstaden Bostad issues EUR bond under existing EMTN program

Heimstaden Bostad has on February 26th issued a EUR bond under its existing EMTN program. The notional amount of the bond corresponds to SEK 7,4 billion with a maturity of 4,5 years. The proceeds have been swapped into SEK and NOK.

The proceeds will inter alia be used to repay short term bank debt and for general corporate purposes.

“We are very pleased that Heimstaden Bostad managed to attract strong demand from existing investors as well as from new investors. The investor base of Heimstaden Bostad as of today consist of 100+ solid investors located in the UK, continental Europe and the Nordics. Considering that the order book was substantially oversubscribed we decided to increase the bond issue from EUR 500 million to EUR 700 million. This bond issue is a proof of that we have managed to establish Heimstaden Bostad in the European capital market and we look forward to be a recurrent issuer of EUR bonds”, says Ingvor Sundbom, CFO Heimstaden. 

For further information, please contact;

Ingvor Sundbom, CFO                         +46 707-88 66 50        ingvor.sundbom@heimstaden.com

Adam Lindh, Head of Finance             +46 708-83 96 74        adam.lindh@heimstaden.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 February 27th, 2019 at. 10:00 CET.        

Heimstaden Bostad AB (publ)

Östra Promenaden 7 A, 211 28 Malmö,

Organisationsnummer 556867-0873, Bolagets säte Malmö,

Telefon, 040 - 660 20 00, www.heimstadenbostad.com

Heimstaden Bostad is a leading real estate company in the Nordics, with a focus on acquiring, refining, developing and managing housing and premises. Through our values, thoughtfulness, innovation and authenticity, we create values for our owners and caring homes for our tenants. Heimstaden Bostad has about 37,300 apartments and a property value of approximately SEK 72 billion. The head office is located in Malmö, Sweden. For more information, see www.heimstadenbostad.com.