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Svensk Hypotekspension AB – Issuance of new notes and early redemption of notes by wholly-owned subsidiaries

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The wholly-owned subsidiary Svensk Hypotekspension Fond 4 AB (publ) (“SHP 4”) of Svensk Hypotekspension AB (“SHP”) intends to issue mortgage backed fixed rate notes with ISIN SE0013513371 in the total amount of SEK 2,250,000,000 with final maturity in December 2067 (the “New Notes”). The issue date for the New Notes will be 17 December 2019. The New Notes will have a fixed interest rate of 1.50 per cent. per annum. The first call date will be 22 January 2024. The New Notes are expected to receive an A+ sf rating by Fitch Ratings Ltd. SHP 4 intends to apply for admission to trading of the New Notes at Nasdaq Stockholm.

Svensk Hypotekspension Fond 3 AB (publ) (”SHP 3”), a wholly-owned subsidiary of SHP, has further previously informed of its intention to voluntarily redeem the SEK 2,000,000,000 mortgage backed fixed rate notes with ISIN SE0007691621 (the “Notes”) before the first call date in accordance with the terms and conditions originally dated 6 February 2016 and as amended and restated 27 November 2019. Reference is made to SHP 3’s press release dated 5 December 2019 and the notice of early redemption that was circulated to the holders of the Notes on 5 December 2019 (the “Call Notice”) which has been published on SHP 3’s website. The notice of early redemption was conditional upon SHP 3’s receipt of satisfactory evidence that the New Notes will be issued no later than on the Redemption Date.

SHP 3 hereby confirms that the condition for voluntary early redemption of the Notes has been satisfied and that all outstanding Notes will be redeemed in full at their nominal amount, together with accrued but unpaid interest and an early call premium in accordance with the Call Notice. The redemption date will be 17 December 2019 and the record date will be 10 December 2019, as set out in the Call Notice.

For additional information, please contact:

Svensk Hypotekspension AB, Anders Larsson, CEO, anders.larsson@hypotekspension.se, +46 20 586 160

Nordax Bank AB (publ), Arash Bigloo, Head of Treasury, arash.bigloo@nordax.se, +46 738 66 06 62

Important information
The information was made publicly available, by way of this press release, on 6 December 2019, at 16.30 CET.


About Nordax Bank

Nordax Bank is a leading specialistbank in Northern Europe owned by Nordic Capital Fund VIII and Sampo. The client base today consists of 195.000 private clients in Sweden, Norway, Finland and Germany. We are a specialistbank who through responsible lending help people make informed decisions for a life they can afford. We are a flexible complement to the major banks. Instead of quantity we have specialised in a few selected products like private loans, mortgages, equity release products and savings accounts. Since 2019 Svensk Hypotekspension, which are specialists in equity release products, is a fully-owned susbsidiary to Nordax Bank. Nordax has about 200 employees where almost all employees works from one central office in Stockholm. The credit assessment process is one of Nordax core competencies. It is thorough, sound and datadriven. Nordax customers are financially stable individuals. As of 30 June 2019 the lending to the public amounted to 22.4 bn SEK and deposits from the public amounted to 17.7 bn SEK. Read more about Nordax on www.nordaxgroup.com