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Samhällsbyggnadsbolaget i Norden AB (publ), Reg. No. 556981-7660 (“SBB” or the “Issuer”) today announces the final results of its invitation dated 10 October 2019 to the holders of its outstanding notes outlined below (together, the “Notes”) to tender their Notes for purchase by the Issuer for cash (the “Tender Offer”).
The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 10 October 2019 (the “Tender Information Document”), available on the website of the Issuer (sbbnorden.se/en/investor-relations-main/reports/).
At the expiration of the Tender Offer at 12:00 CET on 14 October 2019, valid tender instructions in respect of the Notes in an aggregate nominal amount of SEK 1,232m were received pursuant to the Tender Offer. Details of tendered amount per ISIN are set out below.
The Issuer furthermore announces that the New Financing Conditions (as defined in the Tender Information Document) were not fulfilled but, in accordance with the rights of the Issuer to amend or waive any condition of the Tender Offer at any time as set forth in the Tender Information Document, the Issuer hereby announces that it will waive such New Financing Conditions. Consequently, all valid tender instructions received pursuant to the Tender Offer will be accepted for purchase by the Issuer.
Due to the New Financing Conditions not being fulfilled, the Issuer will not issue the New Notes (as defined in the Tender Offer).
The purchase price payable per Note is as set out below, in addition to which the Issuer will pay an amount equal to any accrued and unpaid interest on the relevant Notes (in accordance with the applicable terms and conditions of the Notes):
Description of the Notes / ISIN / Issued Amount / Accepted Amount / Remaining Outstanding Amount / Minimum denomination amount / Purchase Price
2018/2021 Sr Unsec FRN / SE0010414581 / SEK 750m / SEK 542m / SEK 41m / SEK 1m / 103.806%
2018/2021 Sr Unsec FRN / SE0010985713 / SEK 474m / SEK 302m / SEK 52m / SEK 2m / 104.453%
2018/2022 Sr Unsec FRN / SE0011725514 / SEK 1,000m / SEK 388m / SEK 32m / SEK 2m / 105.867%
Settlement of the Tender Offer will occur on 18 October 2019. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Danske Bank A/S, Danmark, Sverige Filial, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) (the “Dealer Managers”). All tendering Noteholders should coordinate the trade bookings with their local sales representative immediately.
Information about the Tender Offer may be obtained from the Dealer Managers.
Danske Bank A/S, Danmark, Sverige Filial, Email: [email protected]
Nordea Bank Abp, Email: [email protected]
Skandinaviska Enskilda Banken AB (publ), Email: [email protected]
Swedbank AB (publ), Email: [email protected]
Samhällsbyggnadsbolaget i Norden AB (publ)
Ilija Batljan, CEO and Founder, Email: [email protected]
Rosel Ragnarsson, Head of Finance, Email: [email protected]
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through Ilija Batljan on 14 October 2019, at 18:50 CET.