Published on 10/11/2021 in the Prospect News High Yield Daily.
New Issue: Heimstaden prices €300 million perpetual subordinated notes at 99.505
By Marisa Wong
Los Angeles, Oct. 12 – Heimstaden AB priced €300 million of perpetual non-call 5.25-year fixed-rate subordinated notes (//BB-) at 99.505, according to a London Stock Exchange notice.
J.P. Morgan AG, Arctic Securities, Citigroup, Nordea and Swedbank are the managers.
The notes will be listed on Nasdaq Stockholm.
The real estate company is based in Malmo, Sweden.
| Issuer: | Heimstaden AB
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| Amount: | €300 million
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| Description: | Perpetual non-call 5.25-year fixed-rate subordinated notes
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| Maturity: | Perpetual
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| Managers: | J.P. Morgan AG, Arctic Securities, Citigroup, Nordea and Swedbank
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| Price: | 99.505
|
| Call: | After 5.25 years
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| Announcement date: | Oct. 11
|
| Rating: | Fitch: BB-
|
| Listing: | Nasdaq Stockholm
|
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