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2019-11-12

Heimstaden: Heimstaden Bostad issues hybrid capital

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT
IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING
PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE
ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED
STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS
DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS
DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES
AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.

Heimstaden Bostad AB, a subsidiary of Heimstaden AB, issues EUR 800
million of subordinated perpetual hybrid capital securities in the
European debt capital markets. The hybrid has an annual, fixed rate,
coupon of 3.25% and a non-call period of 5.25 years.

S&P has classified the hybrid as having intermediate equity content.
The proceeds will be accounted for as 100% equity by Heimstaden
Bostad and will be used for general corporate purposes.

"We are very pleased with the continued support demonstrated by
European investors in Heimstaden Bostad. The order book of more than
EUR 1.6 billion is as far as we know the largest real estate hybrid
order book this year in Europe. The transaction represents an
important milestone in our ambitions to improve our rating in a first
step to BBB", says Magnus Nordholm, acting CFO Heimstaden Bostad.

The bonds will be listed in Euronext Dublin.

Danske Bank, Deutsche Bank, J.P. Morgan and Nordea acted as Joint
Structuring Agents and Joint Bookrunners.

For further information, please contact:

Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden +46 705 29 31 44 magnus.nordholm@fredensborg.no

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

Heimstaden AB (publ)

Östra Promenaden 7 A, 211 28 Malmö,

Organisationsnummer 556670-0455, Bolagets säte Malmö,

Telefon, växel 0770 - 111 050, www.heimstaden.com,

Heimstaden is a leading real estate company in Northern Europe, with a
focus on acquiring, refining, developing and managing housing and
premises. Through our values, care, innovation and authenticity, we
create values for our owners and caring homes for our tenants.
Heimstaden has about 52 300 apartments and a property value of
approximately SEK 108 billion value. Heimstad's preference share is
listed on Nasdaq First North Premier. The head office is located in
Malmö. Certified Adviser is Erik Penser Bank aktiebolag, +46 8-463 83
00 and certifiedadviser@penser.se. For more information, see
www.heimstaden.com

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https://news.cision.com/se/heimstaden/r/heimstaden-bostad-issues-hybrid-...
https://mb.cision.com/Main/11054/2960006/1140157.pdf

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