NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) 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. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Samhällsbyggnadsbolaget i Norden AB (publ), Reg. No. 556981-7660 (“SBB” or the “Issuer”) today announces that it cancels the repurchased Capital Securities (together, the “Capital Securities” each a “Capital Security”) outlined below (the “Cancellation”). The Issuer may at its discretion cancel Capital Notes held by the Issuer pursuant to Clause 11.1 of the respective terms and conditions of the Capital Securities (together the “Terms and Conditions”). The reason for the cancellation is that the Issuer, following the cancellation, intends to exercise its right to redemption upon a Substantial Repurchase Event pursuant to Clause 11.4 of the Terms and Conditions.
Notices of the Cancellation, dated 7 November 2019, will be distributed to noteholders of the Remaining Outstanding Amount and will be made available on the website of the Issuer (sbbnorden.se/en/investor-relations-main/reports/).
Description of the Capital Securities / ISIN / Issued Amount / Cancelled Amount / Remaining Outstanding Amount / Minimum denomination amount
2017 Perpetual capital securities / SE0010414599 / SEK 1,000m / SEK 995m / SEK 5m / SEK 1m
2018 Perpetual capital securities / SE0011642776 / SEK 1,200m / SEK 1,164m / SEK 36m / SEK 2m
For further information about the Cancellation, please contact:
Samhällsbyggnadsbolaget i Norden AB (publ)