November 25, 2024 08:43 GMT
REAL ESTATE: Heimstaden Bostad (HEIBOS: Jr Sub BB/BB) Perps Tender & Mandate
REAL ESTATE
- XS2010037765 HEIBOS 3.248% Call24; Reset25
- Par Tender any-and-all (+2.1pts above undisturbed price)
- The Bond has a call date of 27th Dec but the company is taking it out a couple of weeks early, presumably because markets will be shut for issuance over Christmas
- New Mandate for a PerpNC5.25 €500 WNG
- Existing stack of Hybrids is 3.3bn so reducing by 300m is within the 10% limit
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