Heimstaden Bostad announces tender offer to repurchase senior debt securities

27 Feb 2023 10:35 CET

Heimstaden Bostad AB is today launching a cash tender offer in relation to
outstanding series of EUR and SEK-denominated senior debt securities for an
aggregate total consideration of up to SEK 8.5 billion (equivalent to EUR 770
million) (the "Tender Offer").

The Tender Offer comprises three series of SEK-denominated senior debt
securities and ten series of EUR-denominated senior debt securities, issued by
Heimstaden Bostad AB or Heimstaden Bostad Treasury B.V., as applicable, all
listed in the Tender Offer Memorandum, as defined below.

The purpose of the Tender Offer is, amongst other things, to proactively improve
the company's liability composition and debt maturity profile.

The Tender Offer will be priced via an unmodified Dutch auction procedure in
relation to the Auction Securities and via the relevant Fixed Purchase Price in
relation to the Fixed Price Securities (each as identified in the Tender Offer
Memorandum). Expiration of the Tender Offer will be at 17.00 CET on 3 March 2023
and settlement is expected to be on 14 March 2023.

Further details of the Tender Offer, including eligibility to participate, the
different pricing mechanisms and the timeline is available via a tender offer
memorandum produced in respect of the Tender Offer (the "Tender Offer
Memorandum") and available via the Tender Agent and the Dealer Managers and at:
https://direct.euronext.com/#/rispublication.

Heimstaden Bostad AB has retained BNP Paribas, Citibank, Danske Bank, Deutsche
Bank, JP Morgan and Swedbank as Dealer Managers and Kroll Issuer Services as
Tender Agent.

Financing - equity commitments and allocation of existing liquidity

The Tender Offer is partially backed by firm equity capital commitments from
several shareholders, up to a maximum amount of SEK 4.5 billion, which are
subject to the outcome of the Tender Offer. Following the resolution of the
annual general meeting on 6 March 2023, Heimstaden Bostad AB will carry out a
share issue raising said maximum amount of equity. The share issue is subject to
completion of the Tender Offer.

In addition to the equity commitment and share issue, Heimstaden Bostad AB will
allocate an amount of approximately SEK 4 billion of existing liquidity towards
the Tender Offer.

Contact
Christian V. Dreyer, CCO
media@heimstaden.com

Malin Lethenström, Investor Relations
ir@heimstaden.com

About Heimstaden Bostad

Heimstaden Bostad is a leading European residential real estate company with
around 158,000 homes across 9 countries and a property value of SEK 345 billion.
We acquire, develop, and manage properties with an evergreen perspective. Guided
by our Scandinavian heritage and values Care, Dare and Share - our 2,200
colleagues strive to fulfil our mission to enrich and simplify our customers'
lives through Friendly Homes. Read more at www.heimstadenbostad.com.

This information is such information that Heimstaden Bostad AB (publ) is obliged
to publish in accordance with the EU Market Abuse Regulation. The information
was submitted, through the agency of the above contact persons, for publication
on 27 February 2023 at 10.35 CET.

More information:
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