NP3 Fastigheter issues SEK 300 million senior unsecured green bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
NP3 Fastigheter AB (publ) (”NP3” or the ”Issuer”) has issued new senior unsecured green bonds of SEK 300 million under the Issuer’s existing MTN-program (the “New Green Bonds”). The New Green Bonds have a tenor of 3.25 years with maturity date in January 2028 and a floating interest rate of 3 months Stibor plus 245 basis points. The Issuer intends to apply for listing of the New Green Bonds on the sustainable bond list of Nasdaq Stockholm.
An amount equal to the proceeds from the issue of the New Green Bonds will be used in accordance with the Issuer’s green finance framework dated September 2023, which means financing or refinancing of green buildings and investments in energy efficiency and refinancing of NP3’s Existing Bonds (as defined below).
NP3’s voluntary tender offer (“Tender Offer”), which was announced by a press release on 24 September 2024 directed to holders of existing bonds maturing 23 September 2025 with ISIN SE0018537623 (the “2022/2025 Bonds”) and bonds maturing 12 April 2026 with ISIN SE0020051555 (the “2023/2026 Bonds” and together with the 2022/2025 Bonds, the “Existing Bonds”), expires 12:00 CEST on 27 September 2024 (unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer). The tender information document is available on the following link: https://www.np3fastigheter.se/investerare/obligationslan.
The Issuer intends to redeem the 2022/2025 Bonds in full at a price of 101.95 per cent of the nominal amount in October 2024 in accordance with the final terms for the 2022/2025 Bonds and the notice of conditional early redemption which was announced by the Issuer on 25 September 2024.
Nordea and SEB have acted as joint bookrunners in the transaction. Snellman Advokatbyrå AB has acted as legal advisor in the transaction.