NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT 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 DOCUMENT.
Samhällsbyggnadsbolaget i Norden AB (publ) (the “Issuer” or “SBB”), rated BB (stable) by S&P and BB (positive) by Fitch, is offering holders of the Issuer’s outstanding 2018/2019 senior unsecured fixed rate notes with ISIN SE0010869123 and outstanding amount of SEK 300,000,000 (the “Notes”) to tender up to SEK 300,000,000 for purchase by the Issuer for cash (the “Tender Offer”) at a price of 102.15% of the nominal amount. Notes will be repurchased subject to the terms and conditions described in a tender information document dated 9 January 2019.
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 in the form of a tap issue of the Issuer’s existing notes maturing on May 2021 with ISIN SE0010985713 (the “New Notes”), subject to market conditions.
The Tender Offer expires at 12:00 CET on 10 January 2019, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer.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 17 January 2019. 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 Abp: +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 January 9, 2019, at 10:05 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: [email protected] / +46 84638300). More information about the company is available at www.sbbnorden.se.