By Rebecca Melvin
New York, Feb. 26 – Heimstaden AB subsidiary Heimstaden Bostad AB priced €800 million of 2 5/8% subordinated fixed to reset rate notes due 2026 at 99.298, according to a regulatory announcement on Friday.
The Regulation S securities are non-callable for 6.25 years.
BNNP Paribas, Danske Bank, Deutsche Bank, ING and Morgan Stanley & Co. International plc are bookrunners of the notes.
Heimstaden is a real estate company based in Malmo, Sweden.
| Issuer: | Heimstaden Bostad AB
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| Issue: | Subordinated fixed to reset rate notes
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| Amount: | €800 million
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| Maturity: | 2026
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| Bookrunners: | BNP Paribas, Danske Bank, Deutsche Bank, ING and Morgan Stanley
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| Coupon: | 2 5/8% for 6.25 years until reset
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| Price: | 99.298
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| Call option: | In 6.25 years
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| First reset date: | 6.25 years
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| Pricing date: | Feb. 26
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| Distribution: | Regulation S
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