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2021-10-08

Heimstaden Issues EUR 300m Hybrid Bond

Heimstaden AB today successfully issued EUR 300 million in its inaugural euro-denominated subordinated perpetual hybrid bond with an initial reset of 5.25 years. The bond carries an annual fixed rate coupon of 6.750% and a yield of 6.875%.

The bond will be accounted for as 100% equity by Heimstaden in accordance with IFRS. Fitch is expected to classify the bond as having 50% equity content and to assign a `BB-' rating to the issue.

The proceeds will be used for general corporate purposes and to reduce the commitments under Heimstaden's bridge financing facility.

The offering attracted strong interest from a broad institutional base with a book of more than two times the notional amount at final price.

An application will be made for the bond to be listed on Nasdaq Stockholm. The final listing particulars, once published, will be made available on
corporate.heimstaden.com.

Artic Securities, Citigroup, Nordea, J.P. Morgan and Swedbank acted as Joint Bookrunners for the issue.

Contact:
Arve Regland, CFO
+47 47 90 77 00
arve.regland@heimstaden.com

Adam Lindh, Head of Treasury
+46 708-83 96 74
adam.lindh@heimstaden.com

About Heimstaden
Heimstaden is a leading European residential real estate company that buys, develops, and manages homes. Through our values Care, Dare and Share, we create value for owners and Friendly Homes for customers. We own about 116,000 homes with a property value of SEK 187 billion. Read more at www.heimstaden.com.

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