Heimstaden Bostad issues SEK 4.5bn in senior unsecured bonds

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Heimstaden Bostad yesterday successfully issued SEK 4.5 billion in fixed and floating rate senior unsecured bonds under its EMTN programme with maturities of 2 and 5 years. The 2-year bond consists of two tranches, of which one carries an annual fixed rate coupon of 0.933% and the other carries a floating rate of Stibor 3 months +60 bps. The 5-year bond carries a floating rate of Stibor 3 months +110 bps.

The net proceeds will be used to reduce the commitments under the bridge facility provided in connection with the acquisition of Akelius’ properties in Germany, Sweden, and Denmark, and for the repayment of short-term debt. In connection with the issue, Heimstaden Bostad bought back SEK 1,528 million in senior unsecured bond debt maturing in 2022.  

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

Danske Bank, Nordea, Svenska Handelsbanken and Swedbank acted as Active Joint Bookrunners.

Arve Regland, CFO
+47 47 90 77 00

Adam Lindh, Head of Finance
+46 708 83 96 74