Svensk Hypotekspension calls SEK 2.25 billion mortgage-backed notes

By Mary-Katherine Stinson

Lexington, Ky., Dec. 12 – Svensk Hypotekspension Fond 4 AB (publ) will voluntarily redeem its SEK 2.25 billion of mortgage backed fixed-rate notes (ISIN: SE0013513371) on the first call date, according to a notice.

The redemption date is expected to be Jan. 22. The notes will be redeemed in full at their nominal amount plus accrued interest.

The record date will be Jan. 15.

Intertrust (Sweden) AB is the agent.

The notes were originally issued on Dec. 17, 2019.

In connection with the redemption, the notes will be delisted from Nasdaq Stockholm.

Stockholm-based Svensk Hypotekspension is a transaction of Swedish reverse mortgages, granted to borrowers over 60 years old and secured by mortgage certificates over real estate or by pledges of rights to cooperative apartments.

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