SBB successfully issues a EUR 1.2bn of which a EUR 700 million social bond and a EUR 500 million perpetual bond

Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has today successfully issued its inaugural social senior unsecured bond of EUR 700 million as well as an additional perpetual hybrid bond of EUR 500 million in the European debt capital markets. Both bonds were significantly oversubscribed. All in all, this is the largest Nordic real estate financing in the capital markets ever.

The social bond has a tenor of eight years and a fixed coupon of 0.750% and the proceeds will be used for financing of eligible social assets in accordance with SBB's sustainable finance framework. The perpetual bond has an initial non-call period of 5.25 years and carries a fixed coupon of 2.625% and the proceeds will be used for general corporate purposes. The social bond and the perpetual bond are intended to be listed on Euronext Dublin (the regulated market for the social bond and the Global Exchange Market for the perpetual bond).

"With this transaction we further strengthen our presence on the European capital markets and the extensive interest for both bonds is a strong evidence of investors appreciating our assets and organisation. The perpetual bonds improves our ambition to reach a BBB+ rating during 2021. It is particularly satisfying that we have issued our inaugural social bond and to my knowledge, this is to date the largest social bond that has been issued by a corporate issuer globally and the first ever social bond in the Nordics”,  says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

Citi has acted as structuring advisor for SBB’s sustainable financing framework. BNP Paribas, Citi, DNB, Deutsche Bank, GSI, Morgan Stanley and Nordea have acted as Joint Bookrunners.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, 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 8 December 2020, at 17:20 CET.

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.