NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDING IN THE UNITED KINGDOM, THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Hemfosa Fastigheter AB (publ) (the “Company” or “Hemfosa“) intends to offer bond investors to invest in new senior unsecured green bonds in SEK with maturity in May 2022 (the “New Issue“), subject to market conditions. Hemfosa’s green framework has been established according to the Green Bond Principles developed by ICMA (International Capital Markets Association) and has been evaluated by an independent third party, CICERO Shades of Green. The framework and related governance policies and reporting standards have been graded “Medium Green” by CICERO Shades of Green.
The proceeds from the New Issue will be used in accordance with Hemfosa’s green framework, which entails financing or refinancing of green property and investments in energy efficiency. Green property comprise, inter alia, buildings with certificates such as Miljöbyggnad Silver, GreenBuilding and Passivhus, as well as buildings with an energy consumption which is 25 % lower than national building requirements.
In connection with the New Issue, Hemfosa offers the holders of Hemfosa’s outstanding bond maturing on December 6, 2019, ISIN SE0009357403, with floating rate and an outstanding amount of SEK 1,000,000,000 (the “Bonds“) to participate in a tender offer where the Company repurchases Bonds. Repurchase will be made up to an amount of SEK 1,000,000,000 against cash consideration at a price of 100.80 % of the nominal amount.
The tender offer is conditional upon the New Issue being successfully completed in the opinion of Hemfosa, and is otherwise made according to the complete terms and conditions set out in the tender information document dated May 2, 2019 attached to this press release, which is also made available at Hemfosa’s website, www.hemfosa.se/en/bonds.
The tender offer expires at 12:00 CEST on May 9, 2019, unless Hemfosa decides to extend the offer or otherwise. Settlement of the tender offer is expected to occur on or about May 16, 2019.
The purpose of the New Issue and the tender offer is to proactively manage upcoming debt redemptions and extend the debt profile as part of Hemfosa’s ongoing liability management.
The Company has appointed Nordea Bank Abp and Swedbank AB (publ) to act as dealer managers, joint bookrunners and tender agents in connection with the New Issue and tender offer. Swedbank has also been mandated to act as advisor regarding the establishment of the framework for green bonds and Second Opinion.
Appendix: Tender Information Document
Dealer managers, bookrunners and tender agents:
Nordea Bank Abp: +46 720 83 55 05, [email protected]
Swedbank AB (publ), +46 8 700 90 22, [email protected]
For further information, please contact:
Linda Eriksson, Head of Finance, [email protected], mobile +46 72 166 24 28, telephone +46 8 448 04 80