Heimstaden Bostad Successfully Prices EUR 800m in Hybrid Capital

Heimstaden Bostad AB yesterday successfully priced an issuance of a EUR 800 million subordinated perpetual hybrid bond with an annual fixed rate coupon of 2.625% and a non-call period of 6.25 years. The issue attracted strong interest.

S&P will classify the hybrid as having intermediate equity content and has assigned a ꞌBB+ꞌ rating to the issue. The proceeds will be accounted for as 100% equity by Heimstaden Bostad according to IFRS and will be used for general corporate purposes, including new investments.

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

Danske Bank, Deutsche Bank, BNP Paribas, Morgan Stanley and ING Bank acted as Joint Structuring Agents and Joint Bookrunners for the issue.
 

For more information, contact:
Arve Regland, CFO
+47 47 90 77 00
arve.regland@heimstaden.com

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

About Heimstaden Bostad
Heimstaden Bostad is a leading residential real estate company in Europe, with a focus on acquiring, developing and managing housing and premises. Through our values Care, Dare and Share, we create value for our owners and friendly homes for our customers. Heimstaden Bostad has about 100,900 apartments and a property value of approximately SEK 139 billion. The head office is located in Malmö, Sweden. For more information, visit www.heimstadenbostad.com. 

This information is such 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 26 January 2021 at 08:00 CET.