trending Market Intelligence /marketintelligence/en/news-insights/trending/Gzvm5_QUJpQHFWD-FPkHNw2 content esgSubNav
In This List

Akelius Residential eyes issuance of €500M hybrid bonds

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Akelius Residential eyes issuance of €500M hybrid bonds

Akelius Residential Property AB (publ) is looking to issue at least €300 million of hybrid bonds, with room to raise the offering to a benchmark size of €500 million.

S&P Global Ratings said it assigned a BB+ long-term issue rating to the proposed deferrable subordinated hybrid notes. The rating agency added that the proceeds from the issuance will be used to support the company's growth and refinancing needs.

The deal completion and size will be determined on the basis of market conditions, according to the report.

The Swedish real estate company said that Barclays, Danske Bank and Deutsche Bank will arrange investor meetings with regard to the issuance from March 19.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.