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Published on 9/3/2021 in the Prospect News High Yield Daily.

New Issue: Heimstaden issues €400 million 5.5-year senior bonds to yield 4˝%

By Rebecca Melvin

Concord, N.H., Sept. 3 – Heimstaden AB priced €400 million of 4 3/8% senior bonds due in 5.5 years to yield 4˝%, according to a company notice on Friday.

The bonds were sold under the company’s medium-term note program.

J.P. Morgan and Swedbank were the joint bookrunners of the bonds, which are expected to be listed on Nasdaq Stockholm.

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

Issuer:Heimstaden AB
Issue:Senior bonds
Amount:€400 million
Maturity:5.5 years
Bookrunners:JPMorgan and Swedbank
Coupon:4 3/8%
Yield;4˝%
Issue date:Sept. 2
Listing:Nasdaq Stockholm

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