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Magnolia to call 8% secured bonds due 2018, unsecured bonds due 2016
By Susanna Moon
Chicago, April 22 – Magnolia Bostad AB said it plans to call its 8% senior secured bond issue 2014/2018 and its 8% senior unsecured bond issue 2013/2016.
The redemption date is May 27 for the 2014/2018 bonds and May 30 for the 2013/2016 bonds, with the redemption amounts to be “established in connection with the respective redemption date,” according to a company notice.
The record date is May 20 for the 2014/2018 bonds and May 23 for the 2013/2016 bonds.
As announced April 21, the company placed SEK 600 million of floating-rate senior secured bonds due April 2020 at Stibor plus 625 basis points.
The floaters were issued under a bond frame of up to SEK 750 million, according to a previous notice.
Magnolia Bostad, through its subsidiaries, acquires, develops and converts properties into rental and tenant-owned apartments. The company is based in Stockholm.
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