Heimstaden Bostad prices US$181.3M green bond in two tranches
What's the deal? Heimstaden BostadDealroom has a profile for this one. Try Dealroom → has priced US$181.3M (roughly $158 million) in green senior unsecured notes, split into two equal tranches. Danske Bank, NordeaDealroom has a profile for this one. Try Dealroom →, SEBDealroom has a profile for this one. Try Dealroom →, and SwedbankDealroom has a profile for this one. Try Dealroom → acted as joint bookrunners.
The details: The first tranche is US$90.7M in fixed-rate notes maturing in two years with a 3.268% coupon. The second is US$90.7M in floating-rate notes maturing in 3.5 years, carrying a coupon of three-month STIBOR plus 87 basis points.
What's the endgame? The European residential real estate company will use the proceeds under its Green Financing Framework, which received an "Excellent" Second-Party Opinion from Sustainable FitchDealroom has a profile for this one. Try Dealroom →. Heimstaden Bostad owns more than 156,000 homes across nine countries.
Why now? The issuance gives the company a mix of fixed- and floating-rate debt while keeping its funding tied to green criteria. The notes are expected to list on Euronext DublinDealroom has a profile for this one. Try Dealroom →.
The signal: At US$181.3M, the raise sits in the smaller tier of deals by size — a modest, structured top-up rather than a landmark round. For Heimstaden Bostad, it marks another step in using green bonds to access capital on established sustainability terms.
Read more: serrarigroup.com
Image credit: Studio Sarah Lou
