Heimstaden Bostad Raises EUR 700 Million in Sustainability-linked Bank Financing

20 Sep 2023 18:00 CEST

Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and
Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank
financing of EUR 700 million.

UniCredit Bank Czech Republic and Slovakia, acting as mandated lead arranger and
sustainability coordinator, has alongside Ceska Sporitelna, Ceskoslovenska
obchodni banka, European Bank for Reconstruction and Development (EBRD), Intesa
Sanpaolo, Komercni banka, Raiffeisenbank, and Vseobecna uverova banka provided
financing for the project. The funds will be used for liability management and
to support sustainability investments such as thermal insulation, installation
of heat pumps, and renewable fuel shift in Heimstaden Bostad's Czech residential
properties.

CEO Helge Krogsbøl comments:

"We are pleased to announce our cooperation with EBRD, UniCredit, and the Czech
banking consortium. These funds strengthen our balance sheet and will enhance
the sustainability of our Czech portfolio. Heimstaden Bostad was the first major
European residential real estate company to attain Science Based Targets
initiative (SBTi) validation for our Climate Roadmap, with our Czech portfolio
offering the highest potential for reducing CO2 emissions."


About The European Bank for Reconstruction and Development (EBRD):

The EBRD is owned by 71 countries, as well as the European Union and the
European Investment Bank and through its investments, strives to develop a
healthy investment climate and promote environmentally and socially sound and
sustainable development.

Contact
Christian V. Dreyer, CCO
media@heimstaden.com
+47 90 72 49 99

Malin Lethenström, Investor Relations
ir@heimstaden.com
+44 77 48 05 58 21

About
Heimstaden Bostad is a leading European residential real estate manager and
investor with around 161,000 homes across nine countries with a property value
of SEK 340 billion. We acquire, develop, and manage properties with an evergreen
perspective. Guided by our Scandinavian heritage and values Care, Dare and Share
- we 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 20 September 2023 at 17:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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