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Anders J Ahlstrom to redeem SEK 250 million bonds due 2021 on May 3
By Sarah Lizee
Olympia, Wash., April 6 – Byggmastare Anders J Ahlstrom Fastighets AB (publ) plans to redeem its SEK 250 million of senior secured bonds due April 29, 2021, according to a notice.
The bonds will be redeemed in full on May 3 at 102.509 and the value of the remaining interest payments up to and including Oct. 29, both calculated using a discount rate of 50 basis points over the comparable Swedish government bond rate.
The company will also pay accrued interest.
The redemption amount will be disbursed to holders of record on April 25.
In connection with the redemption, the bonds will be delisted from Nasdaq Stockholm.
The redemption is conditioned on the approval and completion of the company’s contemplated divestment of all its shares in subsidiary Mitt Alby AB, which is planned to take place on April 26.
Anders J Ahlstrom is a Stockholm-based real estate group with a portfolio of property on Alby Hill.
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