SBB announces the result of the tender offers and written procedures for the outstanding SEK denominated senior unsecured floating rate green bonds due 2022 issued by Hemfosa

Samhällsbyggnadsbolaget i Norden AB (“SBB” or the "Company") announced, via a press release, 2 July 2020 that its subsidiary Hemfosa Fastigheter AB (publ) (“Hemfosa” or the "Issuer") was offering the holders of the outstanding SEK denominated senior unsecured floating rate green bonds due 2022 with ISIN SE0012596203 and ISIN SE0013109444 (the "Bonds") to tender the Bonds for cash (the "Tender Offer"). Further, the Company announced that the Issuer instigated written procedures (the "Written Procedures") pursuant to the respective terms and conditions of the Bonds (together the "Terms and Conditions") in order to amend the Terms and Conditions to change the definition of Final Maturity Date to 20 August 2020 and change the redemption price by the final maturity date (the "Adjustments" together with the Tender Offer the "Tender and Solicitation Process").

The Company today announces that the Adjustments to the Terms and Conditions have been approved and that the Final Maturity Date for the Bonds will be 20 August 2020 and that the redemption price will be 100.25 per cent of the nominal amount for the Bonds with ISIN SE0013109444 and 100.75 per cent of the nominal amount for the Bonds with ISIN SE0012596203.

The Company further announces the final results of the Tender Offer:

ISIN / Issued Amount / Tendered Amount / Remaining Outstanding Amount / Minimum denomination amount / Purchase Price

ISIN SE0013109444 / SEK 800m / SEK 363,75m / SEK 436,25m / SEK 1,25m / 101.56 % 

ISIN SE0012596203 / SEK 1,300m / SEK 548,75m / SEK 751,25m / SEK 1,25m / 101.89 %

Settlement of the Tender Offer will occur on 27 July 2020 (the "Settlement Date"). The tender consideration will be transferred to the direct registered bondholders on the Settlement Date and beneficial owners should reach out to their nominees if they experience delays in receiving the funds.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se

Tender and Solicitation Agents

Nordea Bank Abp:
+45 616 129 96, nordealiabilitymanagement@nordea.com

Skandinaviska Enskilda Banken AB (publ):
+46 (0)8-506 230 82, liabilitymanagementdcm@seb.se

Swedbank AB (publ):
+46 (0)8 700 90 22, syndicate@swedbank.se

 

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. The Company’s preference shares (ticker SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). Further information about SBB is available at www.sbbnorden.se.

Subscribe