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STOCKHOLM - Swedish property company Heimstaden Bostad AB announced Tuesday it is preparing to launch its inaugural green euro bond with a 5.25-year maturity, according to a pre-stabilization notice.
Deutsche Bank AG (ETR:DBKGn) will serve as the stabilization coordinator for the offering, with BNP PARIBAS, Citi, Danske Bank (CSE:DANSKE), Deutsche Bank, ING, J.P. Morgan, SEB, and UniCredit acting as stabilization managers.
The bond will trade under the ISIN code XS3105178795, with initial price talks indicating a spread of around 205 basis points over the mid-swap rate. The total nominal amount has not yet been disclosed.
The stabilization period is expected to begin Tuesday and end no later than August 12, 2025. During this period, stabilization managers may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
The green bond will be issued under Heimstaden Bostad’s existing debt framework. The company, one of the largest residential real estate owners in Europe, primarily operates in Scandinavian and European markets.
The securities have not been registered under the United States Securities Act and will not be offered in the United States.
This announcement was made through a press release statement published via the London Stock Exchange (LON:LSEG)’s news service.
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