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STOCKHOLM - Swedish property company Heimstaden AB (publ) announced Tuesday it has begun marketing a benchmark-sized euro-denominated senior unsecured bond with a 5.5-year maturity and potential early redemption after 2.5 years, according to a press release statement.
J.P. Morgan SE will serve as stabilization coordinator for the offering, with Nordea, Deutsche Bank (ETR:DBKGn), and Swedbank acting as stabilization managers. The stabilization period is expected to run from July 15 to August 15, 2025.
The bonds will be issued in denominations of €100,000 and listed on Euronext (EPA:ENX) Dublin. The stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price.
The offering is directed at qualified investors outside the United States, as the securities have not been and will not be registered under the U.S. Securities Act of 1933. In the United Kingdom (TADAWUL:4280), the offering is limited to high net worth individuals and those with professional investment experience.
The final pricing details have not yet been announced. The bond issuance represents Heimstaden’s latest effort to manage its debt profile in the European market.
Heimstaden AB is a residential real estate company with properties across several European countries. This bond offering is part of the company’s ongoing financing activities.
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