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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 9/16/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Magnolia Bostad sends conditional notice of early redemption to 2022 bondholders

Chicago, Sept. 16 – Magnolia Bostad AB sent a conditional notice of early redemption for its SEK 500 million bond loan due 2022 (ISIN: SE0011721497), according to a press release.

The company plans to redeem the bonds on Oct. 14, subject to a financing condition.

The notice of redemption was preemptive as a put option was about to be triggered due to a change of control.

The record date for the redemption is Sept. 20.

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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