The EUR 700 million 3.5 years note, and EUR 500 million 6.5 years note carries an annual coupon of 0.625% and 1.375%, respectively. The notes are expected to be rated `BBB’ by S&P.
The net proceeds, together with cash at hand, will be used to repay the entirety of the loan outstanding under Heimstaden Bostad’s bridge financing facility related to the acquisition of Akelius’ portfolios in Sweden, Denmark, and Germany, and for general corporate purposes.
An application will be made for the bond to be listed on Euronext Dublin. The final terms, once published, will be made available on Euronext Dublin and www.heimstadenbostad.com.
BNP Paribas, Citi, Danske Bank, Deutsche Bank, ING, J.P. Morgan, Nordea, Nykredit, Svenska Handelsbanken, Swedbank and UniCredit acted as Joint Bookrunners.