European residential real estate company Heimstaden Bostad has priced €1.2 billion senior unsecured fixed rate notes with 3.5- and 6.5- year tenors under its EMTN programme.
The €700 million 3.5 years note, and €500 million 6.5 years note carries an annual coupon of 0.625% and 1.375%, respectively.
The net proceeds, together with cash at hand, will be used to repay the entirety of the loan outstanding under Heimstaden Bostad’s bridge financing facility related to the acquisition of Akelius’ portfolios in Sweden, Denmark, and Germany, and for general corporate purposes.
