Hemfosa issues green bonds of 1,300 MSEK and announces results from tender offer

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Issue of green bond

Hemfosa Fastigheter AB (publ) (the "Company" or "Hemfosa") has successfully issued a senior unsecured green bond loan in the total amount of 1,300 MSEK under a framework of 1,500 MSEK. The bond loan has a tenor of three years and a floating interest rate of STIBOR three months plus 240 bps and will mature on May 16, 2022 (the "New Issue").

The proceeds from the New Issue will be used in accordance with Hemfosa's green framework, which entails financing or refinancing of green property and investments in energy efficiency. Green property comprise, inter alia, buildings with certificates such as Miljöbyggnad Silver, GreenBuilding and Passivhus, as well as buildings with an energy consumption which is 25 percent lower than national building requirements. Hemfosa intends to apply for listing of the new bond loan on Nasdaq Stockholm's Sustainable Bond List.

- We are very pleased to issue Hemfosa's first green bond, which in addition was met by great interest among investors. It is a form of financing that fits with Hemfosa's business in community service properties and complements our other financing well. We already have green bank loan financing and believe that different forms of green financing will be increasingly relevant both for us and the real property industry in general, says Linda Eriksson, Head of Finance of Hemfosa.

The Tender Offer 

Hemfosa further announces the results of the tender offer (the "Tender Offer") to the holders of Hemfosa's outstanding bond due on December 6, 2019, ISIN SE0009357403 (the "Bonds"). The Tender Offer expired at 12:00 CEST on May 9, 2019. The Tender Offer has been accepted by holders of Bonds representing a total nominal amount of 764 MSEK.

Hemfosa will complete the Tender Offer and the price for the Bonds in the Tender Offer amounts to 100.80 % of the nominal amount. Hemfosa will also pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date. Settlement date for the Tender Offer is set to May 16, 2019.

Swedbank AB (publ) ("Swedbank") and Nordea Bank Abp has acted as dealer managers, bookrunners and tender agents in relation to the New Issue and the Tender Offer. Swedbank has also acted as advisor regarding the establishment of the framework for green bonds and Second Opinion. Cederquist has acted as legal adviser.

Dealer managers, bookrunners and tender agents:

Nordea Bank Abp, +46 720 83 55 05, NordeaLiabilityManagement@nordea.com

Swedbank AB (publ), +46 8 700 90 22, Syndicate@swedbank.se

For further information, please contact:  

Linda Eriksson, Head of Finance, linda.eriksson@hemfosa.se, mobile +46 72 166 24 28, telephone +46 8 448 04 80

About Hemfosa Fastigheter

Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with the Swedish state and municipalities as its largest tenants. This provides stable revenue flows and a healthy yield. Hemfosa also aims to create value through active participation in the transaction market. At March 31, 2019, Hemfosa owned properties with a total property value of SEK 37 billion. The company's ordinary share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

About Us

Hemfosa is a Swedish property company focusing on community service properties in the Nordic region with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per June 30, 2016, Hemfosa owned properties with a total property value of approximately SEK 33.2 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share has been listed since March 2014 and its preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

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