6 February 2020

Gernandt & Danielsson advises in Heimstaden’s issue of SEK 1 billion subsequent capital securities

Gernandt & Danielsson advises in Heimstaden AB's (publ) issue of subsequent capital securities at an amount of SEK 1 billion, within a framework amount of SEK 5 billion. After the tap issue, the total outstanding amount of Heimstaden's capital securities will amount to SEK 4 billion. The first tranche of the capital securities was one of the largest issuances of non-rated capital securities ever made in the Nordics.

The company has undertaken to list the capital securities on the corporate bond list of Nasdaq Stockholm. The bond proceeds are intended to be used towards general corporate purposes within the Heimstaden group, including investments and financing acquisitions.

Gernandt & Danielsson advises the company and its financial advisors, Nordea Bank Abp and Swedbank AB (publ), with a team consisting of Partner Mikael Borg and Senior Associate Mikael Bolling.