Heimstaden Bostad prices SEK 1.5B green bond in two tranches

What's the deal? Heimstaden BostadDealroom has a profile for this one. Try Dealroom → has priced SEK 1.5 billion (roughly $158 million) in green senior unsecured notes, split into two equal tranches. Danske BankDealroom has a profile for this one. Try Dealroom →, 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 SEK 750 million in fixed-rate notes maturing in two years with a 3.268% coupon. The second is SEK 750 million 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 SEK 1.5 billion, 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