Brief: SBB Plans New Securities Issuance And Asset Transfers

Samhallsbyggnadsbolaget I Norden AB

13/12/2024 09:50

Dec 13 (Reuters) - Samhallsbyggnadsbolaget I Norden AB
 SBBb.ST :
    * ANNOUNCEMENT IN CONNECTION WITH TENDER AND EXCHANGE OFFERS
    * INTENDS TO ISSUE NEW OCTOBER 2029 SECURITIES PURSUANT TO
HYBRIDS
EXCHANGE OFFERS AND JAN 2025 CAPITAL SECURITIES EXCHANGE OFFER
    * INTENDS TO ISSUE NEW OCT 2029 SECURITIES IN AGGREGATE
PRINCIPAL
AMOUNT OF BETWEEN EUR 100,000,000 AND EUR 150,000,000
    * WILL TRANSFER ASSETS WITH VALUE OF ABOUT SEK 1.6 BILLION
TO NEW
ISSUER, WITH FURTHER SEK 2.1 BILLION TO FOLLOW UPON RECEIPT OF
TAX CLEARANCE
    * FOLLOWING INVESTOR FEEDBACK, OFFEROR WILL CONSIDER A
FURTHER
SEPARATE EXCHANGE OFFER TO ALLOW HOLDERS OF EXISTING 2040
SECURITIES OPPORTUNITY TO EXCHANGE THEIR EXISTING 2040
SECURITIES FOR AN EQUIVALENT PRINCIPAL AMOUNT OF NEW 2040
SECURITIES
    * NEW ISSUER GROUP WILL REPRESENT APPROXIMATELY 96%  OF SBB
GROUP'S CONSOLIDATED TOTAL ASSETS
    * ABOUT SEK 800M OF EXISTING LIABILITIES WILL ALSO BE
TRANSFERRED
TO NEW ISSUER GROUP

Source text:  ID:nWkr3BsNyN 
Further company coverage:  SBBb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))