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Fastighets AB Balder to redeem all subordinated notes due 2078
By Mary-Katherine Stinson
Lexington, Ky., Feb. 1 – Fastighets AB Balder announced it will redeem all outstanding of its €350 million subordinated fixed-to-reset rate 5.5-year non-call capital securities due 2078 (ISIN: XS1677911825) on the first reset date of March 7, according to a notice.
The redemption will be at par together with any deferred interest and any other accrued interest.
The issuer is a Gothenburg, Sweden-based commercial and residential property developer.
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