Update regarding bondholder allegation

Reference is made to the press release on 9 November 2023 regarding a purported and ineffective acceleration notice from a bondholder regarding Eurobonds issued under the 2020 and 2021 EMTN programmes. SBB Treasury Oyj and Samhällsbyggnadsbolaget i Norden AB (publ) (together “SBB”) have been notified that the same bondholder has now initiated formal legal proceedings. The disclosed holdings of the bondholder represent approximately EUR 46 million in nominal amount spread across both EMTN programmes.

As previously stated in the press releases of 31 May 2023 and 9 November 2023, SBB firmly rejects the allegation that it is in breach of the EMTN consolidated coverage ratio covenant and considers the acceleration notice received from this bondholder ineffective.

SBB will take all necessary legal measures to protect the interests of itself and its stakeholders. While any legal process is inherently uncertain, SBB and its advisors expect that it may take approximately 18 months to reach a judgement.

For further information, please contact:
Helena Lindahl, Treasury Director, [email protected], [email protected]

This information constitutes insider information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 6 February 2024 20:10 CET.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.