SBB Has Successfully Issued a EUR 300M Perpetual Bond

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SBB Has Successfully Issued a EUR 300M Perpetual Bond

Sweden — Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has successfully issued a EUR 300m perpetual hybrid bond in the European debt capital markets. The hybrid bond has an initial non-call period of 5.25 years and carries a fixed coupon of 4.625 percent. The issuance was significantly oversubscribed (by more than two times the issued amount). The bonds will be issued on 26 April 2019 and listed on Euronext Dublin.

2019-04-23

The proceeds from the hybrid bond issuance will be used for general corporate purposes, mainly for the redemption of existing secured indebtedness.

"We are proud to have received such a good reception in the European debt capital markets. The transaction is an important milestone in our journey to towards a BBB rating and we look forward to coming updates of our credit rating. The proceeds will allow us to continue to focus on redeeming existing secured indebtedness and new investments in social infrastructure, such as elderly care homes, group housing and schools in the Nordics and rent regulated residentials in Sweden," says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

Deutsche Bank acted as Structuring Advisor of the transaction. Citi, Danske Bank, Deutsche Bank and Nordea acted as Joint Bookrunners.

Axel Ohlsson

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