Heimstaden Bostad Raises EUR 700 Million in Sustainability-linked Bank Financing
Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank financing of EUR 700 million.
UniCredit Bank Czech Republic and Slovakia, acting as mandated lead arranger and sustainability coordinator, has alongside Ceska Sporitelna, Ceskoslovenska obchodni banka, European Bank for Reconstruction and Development (EBRD), Intesa Sanpaolo, Komercni banka, Raiffeisenbank, and Vseobecna uverova banka provided financing for the project. The funds will be used for liability management and to support sustainability investments such as thermal insulation, installation of heat pumps, and renewable fuel shift in Heimstaden Bostad's Czech residential properties.
CEO Helge Krogsbøl comments:
"We are pleased to announce our cooperation with EBRD, UniCredit, and the Czech banking consortium. These funds strengthen our balance sheet and will enhance the sustainability of our Czech portfolio. Heimstaden Bostad was the first major European residential real estate company to attain Science Based Targets initiative (SBTi) validation for our Climate Roadmap, with our Czech portfolio offering the highest potential for reducing CO2 emissions.”
About The European Bank for Reconstruction and Development (EBRD):
The EBRD is owned by 71 countries, as well as the European Union and the European Investment Bank and through its investments, strives to develop a healthy investment climate and promote environmentally and socially sound and sustainable development.
Contact
Christian V. Dreyer, CCO
media@heimstaden.com
+47 90 72 49 99
Malin Lethenström, Investor Relations
ir@heimstaden.com
+44 77 48 05 58 21
About
Heimstaden Bostad is a leading European residential real estate manager and investor with around 161,000 homes across nine countries with a property value of SEK 340 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share – we fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. 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 20 September 2023 at 17:00 CET.
