NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING WITHOUT LIMITATION 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 PRESS RELEASE. THE DISTRIBUTION OF THIS PRESS RELEASE IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.
Press release, 10 June 2026
Bonava AB (publ), reg. no. 556928-0380 ("Bonava" or the "Company"), has successfully issued new senior secured green floating rate notes in an initial nominal amount of SEK 1,500,000,000 (the "New Notes" and the "Note Issue"). The New Notes were issued under a total framework of SEK 2,000,000,000, carry a floating interest rate of 3-months Stibor + 375 basis points and will mature in December 2029. The order book for the Note Issue was significantly oversubscribed. Bonava intends to apply for admission to trading of the New Notes on Nasdaq Stockholm's sustainable bond list.
The net proceeds from the Note Issue will be used, inter alia, to refinance the Company's outstanding indebtedness of SEK 960,000,000 under the existing senior secured floating rate green notes issued on 3 March 2025 with ISIN SE0023950910 (the "Existing Notes"), including a tender offer for the Existing Notes which Bonava announced on 5 June 2026 (the "Tender Offer"), to partially repay amounts drawn under the Company's existing Senior Facilities Agreement, and in accordance with the Company's green finance framework. The Tender Offer expires at 14:00 CEST on 12 June 2026, unless extended, shortened, reopened, withdrawn or terminated at the sole discretion of the Company.
Settlement for the Note Issue is expected to occur on or around 23 June 2026.
Bonava has mandated DNB Carnegie Investment Bank AB (publ) and Skandinaviska Enskilda Banken AB (publ) as joint global coordinators and joint bookrunners in respect of the Note Issue and dealer managers and tender agents in connection with the Tender Offer and Danske Bank A/S, Danmark, Sverige Filial and SB1 Markets, filial i Sverige as joint bookrunners in respect of the Note Issue and dealer managers and tender agents in connection with the Tender Offer. Snellman Advokatbyrå AB acts as legal advisor to Bonava and BAHR Advokatbyrå AB acts as legal advisor to the joint bookrunners.
For more information, please contact:
Jon Johnsson, Deputy CEO and CFO
Tel: +46 700 888 605
Anna Falck Fyhrlund, Head of Investor Relations
Tel: +46 707 604 914
Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. With its 900 employees, Bonava develops residential housing in Germany, Sweden, Finland, Latvia, Estonia and Lithuania. To date, the company has built about 50,000 homes and reported net sales of approximately SEK 8 billion in 2025. Bonava's shares and green bond are listed on Nasdaq Stockholm.
For more information about us, visit: www.bonava.com