NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN 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 JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
Samhällsbyggnadsbolaget i Norden AB (publ) (the “Issuer” or “SBB”), rated BB (stable) by S&P, BB (positive) by Fitch and B1 (stable) by Moody’s, is offering holders of the Issuer’s outstanding notes outlined below (the “Notes”) to tender up to SEK 1bn for purchase by the Issuer for cash (the “Tender Offer”) at the price set out below. Notes will be repurchased subject to the terms and conditions described in a tender information document dated 24 September 2018.
Description of the Notes / ISIN / Outstanding Amount / Purchase Price
2018/2019 senior unsecured fixed rate notes / SE0010869123 / SEK 300,000,000 / 100.50%
2017/2020 senior unsecured floating rate notes / SE0009805468 / SEK 1,500,000,000 / 106.50%
2018/2021 senior unsecured floating rate notes / SE0010414581 / SEK 750,000,000 / 102.60%
2018/2021 senior unsecured floating rate notes / SE0010985713 / SEK 250,000,000 / 102.00%
The tender information document can be found in the following link: sbbnorden.se/en/investor-relations-main/reports/.
In connection with the Tender Offer, the Issuer announces that it will issue new SEK denominated senior unsecured notes with an expected tenor of 4 years (the “New Notes”), subject to market conditions.
The Tender Offer expires at 12:00 CET on 26 September 2018, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 28 September 2018. The Issuer’s repurchase of Notes is conditional upon a successful issue of New Notes.
The Issuer has mandated Nordea as sole arranger and bookrunner in respect of the issuance of the New Notes. Nordea acts as Dealer Manager, Sole Bookrunner and Tender Agent on the Tender Offer.
Attachment: Tender information document.
Dealer Manager, Sole Bookrunner and Tender Agent:
Nordea Bank AB (publ): +45 6161 2996, [email protected]
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act ((2007:528)). The information was submitted for publication, through the agency of the contact person set out above on September 24, 2018, at 12.20 CET.