Heimstaden Bostad AB Announces Results of the Tender Offer for Senior Unsecured Bonds

Heimstaden Bostad AB (“Heimstaden Bostad”) announces the results of the tender offer to the eligible holders of Heimstaden Bostad’s outstanding senior unsecured floating rate bonds denominated in SEK and NOK (the “Tender Offer”), where all validly submitted tender instructions will be accepted, as further set out in the below table.

​The purpose of the Tender Offer is, among other things, to proactively improve Heimstaden Bostad’s liability composition and debt maturity profile.
 

The Tender Offer expired at 12:00 CET on 8 December 2023. Heimstaden Bostad will complete the Tender Offer and pay accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the settlement date for the Tender Offer, on the bonds validly tendered and accepted. The settlement date for the Tender Offer is expected to occur on or around 19 December 2023. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Danske Bank A/S and Nordea Bank Abp.

Given the results in the Tender Offer, Heimstaden Bostad may exercise its right of total early redemption (clean-up call) of the SEK 500 million senior unsecured floating rate notes due April 2024 (ISIN: XS2327839580) following the settlement date of the Tender Offer in accordance with the terms and conditions set out in the base prospectus and final terms of such bonds. If Heimstaden Bostad exercises such right of total early redemption, the bonds will, in such early redemption, be repurchased at a price corresponding to the principal amount of such bonds together with interest accrued to but excluding the relevant redemption date.

Danske Bank A/S and Nordea Bank Abp acted as dealers managers in connection with the Tender Offer.