By Sarah Lizee
Olympia, Wash., Nov. 12 – Heimstaden AB subsidiary Heimstaden Bostad AB issued €800 million of 3¼% subordinated perpetual hybrid capital securities (BB), according to a notice.
Danske Bank, Deutsche Bank, JPMorgan and Nordea acted as joint structuring agents and joint bookrunners.
The hybrids have a 5.25-year non-call period.
Proceeds will be used for general corporate purposes.
Heimstaden is a real estate company based in Malmo, Sweden.
| Issuer: | Heimstaden Bostad AB
|
| Issue: | Subordinated perpetual hybrid capital securities
|
| Amount: | €800 million
|
| Maturity: | Perpetual
|
| Bookrunners: | Danske Bank, Deutsche Bank, J.P. Morgan and Nordea
|
| Coupon: | 3¼%
|
| Call: | After 5.25 years
|
| Announcement date: | Nov. 12
|
| Rating: | S&P: BB
|
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