Press Release Details

Heimstaden has successfully issued SEK 1,000 million perpetual bonds


Heimstaden AB (publ) (”Heimstaden” or ”the Company”) issues Hybrid bonds in the amount of SEK 1,000 million in the Nordic capital markets.

Heimstaden has successfully issued Hybrid bonds in the amount of SEK 1,000 million under the Company’s Hybrid bond loan (ISIN SE0012455111), which means that the total outstanding volume is SEK 3,000,000,000 under a framework amount of SEK 5,000,000,000. The new Hybrid bonds were issued at a price of 102% of the nominal amount, corresponding to a floating interest rate of three months STIBOR + 545 basis points to first call date. The Hybrid bonds have a perpetual maturity with a first call date in approximately 5 years.

Heimstaden intends to apply for listing of the Hybrid bonds on the corporate bond list of Nasdaq Stockholm.

Nordea and Swedbank have acted as Joint Bookrunners and Gernandt & Danielsson Advokatbyrå has acted as legal counsel in connection with the subsequent bond issue.

For further information, please contact:

Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden           +46 705 29 31 44 

Adam Lindh, Head of Finance                                                                            +46 708 83 96 74