Heimstaden Bostad gives results of tender offer for 2 1/8% notes

Chicago, June 25 – Heimstaden Bostad AB announced the results of its capped tender offer for its €700 million outstanding 2 1/8% notes due September 2023 (ISIN: XS1958655745), according to a notice.

Noteholders tendered €488,244,000 of the notes and the company accepted for purchase €249,996,000 of those notes based on a 50.818% proration factor.

The offer was being financed with the proceeds from a new offer of €600 million subordinated perpetual hybrid bonds.

The company calculated the purchase price as €1,047.92 per €1,000 note. Interest is also being paid.

Following settlement there will be €450,004,000 of the notes outstanding.

The offer expired at 11 a.m. ET on June 23.

Dealer managers for the offer are Deutsche Bank AG (+44 20 7545 8011) and Nordea Bank Abp (+45 6161 2996, nordealiabilitymanagement@nordea.com).

Lucid Issuer Services Ltd. is the tender agent (+44 20 7704 0880, heimstaden@lucid-is.com).

Heimstaden is a real estate company based in Malmo, Sweden.

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