Heimstaden Bostad starts one-week tender offer for three senior notes

By Marisa Wong

Los Angeles, Dec. 4 – Heimstaden Bostad AB is inviting holders of its outstanding SEK 500 million floating-rate notes due April 2024 (ISIN: XS2327839580), NOK 200 million floating-rate notes due April 2024 (ISIN: NO0010976319) and NOK 500 million floating-rate notes due June 2024 (ISIN: NO0010838899) to tender any and all of their notes for purchase for cash, according to a press release.

The issuer is offering a fixed purchase price of par for all three series.

The company will also pay accrued interest.

The offer expires at 6 a.m. ET on Dec. 8.

Settlement will occur on or around Dec. 19.

The company said the purpose of the tender offer is, among other things, to proactively improve its liability composition and debt maturity profile.

The dealer managers are Danske Bank A/S (liabilitymanagement@danskebank.dk) and Nordea Bank Abp (nordealiabilitymanagement@nordea.com).

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

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