Heimstadens subsidiary, Heimstaden Bostad, has on November 28th issued its first EUR/SEK/NOK multi tranche bond under the newly established EMTN programme. The transaction has a combined notional amount corresponding to BSEK 10.6 and maturities ranging from 2 to 5.5 years across four tranches. The proceeds from the EUR tranche has been swapped into SEK and NOK.

The proceeds will to a large extent be used to repay existing short term secured bank financing in accordance to the requirements from S&P to convert the preliminary rating to a final rating of BBB- (stable outlook).

“We are very pleased that Heimstaden Bostad managed to attract strong demand from investors in a challenging market and issue a substantial amount of capital in its inaugural bond issue. As far as we know this is the largest bond issue ever by a Nordic real estate company. We look forward to establish Heimstaden Bostad as a recurrent issuer in the capital market”, says Magnus Nordholm, Deputy CEO. 

For further information, please contact:

Magnus Nordholm, Deputy CEO      +46 705 - 29 31 44     magnus.nordholm@heimstaden.com

Adam Lindh, Head of Finance          +46 708 - 83 96 74     adam.lindh@heimstaden.com