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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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  • 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