Not for release, publication or distribution in the United States of America
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has successfully priced its inaugural US Private Placement (“USPP”) transaction with US-based purchasers. The social USPP was executed in two fixed rate senior unsecured tranches with a maturity of five and ten years, respectively. The new USPP was priced with a spread to maturity of Treasuries plus 325 bps and Treasuries plus 350 bps, respectively. At the time of pricing, these levels were equivalent to a 5-year EUR yield of 4.36% or MS+279 bps and a 10-year EUR yield of 4.87% or MS+290 bps. On the back of the inaugural Schuldscheindarlehen transaction that SBB closed in early June, this USPP transaction marks a further step in SBB’s investor diversification journey and demonstrates strong continuous access to the global capital markets.
Following the issuance, SBB will allocate an amount equal to the full proceeds to finance Eligible Social Assets in accordance with SBB’s sustainable finance framework.
“SBB’s income comprises secure cash flows from property management of social infrastructure and we are happy that our low risk assets have attracted long financing from large institutional investors in the USA,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]
Disclaimer
This document is not for publication or distribution in the United States of America, and it does not constitute, and should not be construed as, an offer to sell, a solicitation of an offer to enter into any transaction or an invitation to subscribe for or purchase any securities in the United States of America. In particular, the document and the information contained herein should not be distributed, reproduced (in whole or in part), disclosed, forwarded, reviewed or otherwise transmitted into the United States of America or to publications with a general circulation in the United States of America. This announcement should not form the basis of or be relied upon in connection with any contract or commitment whatsoever or be taken as investment advice and the parties hereto make no representation as to the actual terms on which any future offering of securities may be entered into. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the laws of any state, and may not be offered or sold in the United States of America or to, or for the account or benefit of, U.S. persons, absent registration under or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States of America.
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