SBB announces that its subsidiary Hemfosa Fastigheter AB exercises its call option to voluntary total redemption of the outstanding senior unsecured floating rate bond with ISIN SE0009664337
Samhällsbyggnadsbolaget i Norden AB (publ) (the “Company” or “SBB”) today announces that its subsidiary Hemfosa Fastigheter AB (publ) (the “Issuer”) exercises its call option to voluntary total redemption of the outstanding senior unsecured floating rate bond with ISIN SE0009664337 (the "Bonds"). The Bonds are currently listed on the Corporate Bond List of Nasdaq Stockholm. The Issuer has today, through the agent of the Bonds Nordic Trustee & Agency AB (publ), notified the holders of the Bonds (the "Bondholders") that the Bonds will be redeemed in total on 17 July 2020 (the "Total Redemption"). The Total Redemption is made in accordance with Clause 10.3 in the Terms and Conditions of the Bonds and is conditioned upon the Market Loan (as defined below) being issued.
The Total Redemption is financed by a new market loan issued by the Company
(the "Market Loan"). The Bondholders are invited to participate in the issuance of the Market Loan.
The Issuer and the Company has engaged Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) as joint bookrunners for the issuance of the Market Loan.
Further information about the process of the Total Redemption can be found in the Notice of Total Redemption dated 26 June 2020 (the “Notice”). The Notice has been sent to the Bondholders and is available on the Company's website (https://corporate.sbbnorden.se/en/related-documents/).
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on June 26, 2020,
at 11:45 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The Company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the Company’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. At the beginning of 2018, the Company was named the winner of the Real Estate Company of the Year Award for 2017. The Company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The Company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.