Share Issue/Capital Change • Aug 23, 2017
Share Issue/Capital Change
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PRESS RELEASE 23 August, 2017
Balder has engaged Deutsche Bank, Handelsbanken, Nordea and SEB to investigate the conditions for two new capital market issues. The issues consist of a senior unsecured issue of EUR 500 million and a hybrid capital security of approximately EUR 350 million, which is planned to be sold in Euros and/or Swedish kronor.
The contemplated issuance of Hybrid Notes would further support Balder's solid investment grade ratings due to its subordination to other financial liabilities and 50 % valuation as equity capital by both rating agencies, Moody's and S&P. The rating of the planned Hybrid Notes is expected to be two steps below the company rating, as is typical for this type of instrument
Provided that the hybrid issue is executed, Balder plans to retire all outstanding preference shares. The reason for replacing the preference shares with hybrids is because they receive a more favourable treatment from the rating institutions, improve cash flow and increase financial flexibility.
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 09.00 CET on August 23, 2017.
For further information, please contact: CEO Erik Selin, tel. +46 706 074 790 or Head of Finance Marcus Hansson, tel. +46 768 369 848
Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 89.0 billion (77.5) as of 30 June 2017. The Balder share is listed on Nasdaq Stockholm, Large Cap
Fastighets AB Balder (publ) PO Box 53 121, 400 15 Gothenburg Tel: +46 31 10 95 70 Corporate Identity No. 556525-6905, Registered office Gothenburg balder.se
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