Heimstaden lifts tender offer cap, accepts SEK 580 million bonds

By Marisa Wong

Los Angeles, Dec. 9 – Heimstaden AB announced the results of its tender offer for its SEK 1.75 billion outstanding senior floating-rate bonds, issue 2019/2023 (ISIN: SE0012622249). The tender offer expired at 6 a.m. ET on Dec. 9.

Due to strong interest, the offer was upsized by SEK 80 million. Bonds in an aggregate amount of SEK 580 million have been tendered and accepted, according to a Friday press release.

The tender offer price is 99, plus accrued interest from but excluding the previous interest payment date until and including the settlement date for the tender offer.

Settlement is expected to occur on Dec. 16.

Settlement of the transactions under the tender offer will occur as a secondary trade via Nordea Bank Abp (nordealiabilitymanagement@nordea.com) and Swedbank AB (publ) (liabilitymanagement@swedbank.se), the dealer managers for the tender offer.

Gernandt & Danielsson Advokatbyra KB acted as legal adviser.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.