Heimstaden Bostad issues multi-tranche inaugural bond under its EMTN programme

Heimstaden Bostad has on November 28th issued its first EUR/SEK/NOK multi tranche bond under the newly established EMTN programme. The transaction has a combined notional amount corresponding to BSEK 10.6 and maturities ranging from 2 to 5.5 years across four tranches. The proceeds from the EUR tranche has been swapped into SEK and NOK.

The proceeds will to a large extent be used to repay existing short term secured bank financing in accordance to the requirements from S&P to convert the preliminary rating to a final rating of BBB- (stable outlook).

“We are very pleased that Heimstaden Bostad managed to attract strong demand from investors in a challenging market and issue a substantial amount of capital in its inaugural bond issue. As far as we know this is the largest bond issue ever by a Nordic real estate company. We look forward to establish Heimstaden Bostad as a recurrent issuer in the capital market”, says Magnus Nordholm, Deputy CEO. 

For further information, please contact:

Magnus Nordholm, Deputy CEO       +46 705 - 29 31 44      magnus.nordholm@heimstaden.com

Adam Lindh, Head of Finance           +46 708 - 83 96 74      adam.lindh@heimstaden.com

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 one of the leading residential real estate companies in the Nordic region. The Group owns, develops and manages homes in Sweden, Norway and Denmark. Heimstaden has about 35 900 apart-ments and a real estate value of SEK 68,5 billion. The head office is located in Malmö.