Heimstaden Bostad AB (publ) (the “Issuer“) hereby gives notice of redemption to the holders of the EUR 500,000,000 1.750% Notes due 2021 (ISIN: XS1918007458; Common Code: 191800745) of which EUR 340,216,000 is outstanding (the “Notes“).
Pursuant to Condition 7.3 (Redemption at the option of the Issuer (Issuer Call)) of the terms and conditions of the Notes (the “Conditions“), it is exercising its option to redeem in full all of the outstanding Notes on 30 April 2021 (the Optional Redemption Date for the purposes of the Conditions).
The Notes shall be redeemed at the make whole amount equal to the higher of (i) 100% of the nominal amount outstanding of the Notes to be redeemed and (ii) the sum of the present values of the nominal amount outstanding of the Notes to be redeemed and the Remaining Term Interest on such Notes (exclusive of interest accrued to the date of redemption) and such present values shall be calculated by discounting such amounts to the date of redemption on an annual basis (assuming a 360-day year consisting of twelve 30-day months or, in the case of an incomplete month, the number of days elapsed) at the Reference Bond Rate, plus 0.35% (the “Optional Redemption Amount“).
The Optional Redemption Amount will be based on the Reference Bond Price as fixed on 27 April 2021 (the Reference Date for the purposes of the Conditions). Pursuant to Condition 7.9 (Cancellation) of the Conditions, all Notes redeemed will be cancelled.
Terms used but not defined in this announcement shall have the meanings given to them in the Conditions.
Contact:
Adam Lindh, Head of Finance
+46 708 83 96 74
adam.lindh@heimstaden.com
This information is such that Heimstaden Bostad AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the above contact person.