Heimstaden Bostad issues two new senior unsecured bonds for a total SEK 1,250 million
Heimstaden Bostad AB has successfully issued two SEK-denominated senior unsecured bonds for SEK 750 million and SEK 500 million, respectively.
The SEK 750 million bond has a maturity of four years and a floating rate of STIBOR three months plus 80 bps. The proceeds will be used to refinance SEK 500 million of a SEK 1,200 million senior unsecured bond maturing in May 2022 and for general corporate purposes.
The second bond with a notional value of SEK 500 million has a maturity of three years and a floating rate of STIBOR three months plus 67 bps. The proceeds will be used for general corporate purposes.
Settlement will occur on April 7 and April 8, respectively and both bonds will be listed on Euronext Dublin. The listing particulars will be made available on Euronext Dublin and www.heimstadenbostad.com.
Swedbank acted as bookrunner for the SEK 750 million issuance and Nordea and Danske Bank acted as joint bookrunners for the SEK 500 million issuance.
Contact:
Adam Lindh, Head of Finance
+46 708 83 96 74
adam.lindh@heimstaden.com
Magnus Granerød, IR Manager
+47 922 38 407
ir@heimstaden.com