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Bonava Group: Bonava AB (publ) announces that conditions for total redemption of its outstanding 2025/2028 green notes have been satisfied
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.
Bonava AB (publ), reg. no. 556928-0380 ("Bonava" or the "Company"), announced on 5 June 2026 that the Company is exercising its right to redeem in full all existing senior secured floating rate green notes issued on 3 March 2025 with ISIN SE0023950910 (the "Existing Notes"), in accordance with the terms and conditions of the Existing Notes (the "Redemption").
The Redemption was conditional upon that, in the absolute and sole discretion and determination of the Company, (i) the terms and conditions of the Company's issuance of new senior secured green floating rate notes, as announced by the Company on 5 June 2026, (the "New Notes" and the "Note Issue"), are satisfactory to the Company, including, but not limited to, as to the price and volume of the New Notes, (ii) the successful outcome of the Note Issue (including the receipt of funds by the Company after the conditions precedent for the Note Issue have been fulfilled, including the entering into a new facilities agreement (the "New Facilities Agreement"), and (iii) the Company being content that the conditions for utilisation of the facilities provided in the New Facilities Agreement will be satisfied no later than 2 July 2026, which is the date of redemption of the Existing Notes (the "Redemption Date").
Bonava today announces that the terms and conditions of the New Notes are satisfactory to the Company, that the Company has received the proceeds from the Note Issue and has entered into the New Facilities Agreement, and that the Company is content that the conditions for utilisation of the facilities provided in the New Facilities Agreement will be satisfied no later than the Redemption Date. The conditions for the Redemption have therefore been satisfied. The Redemption is therefore no longer conditional and will consequently occur on the Redemption Date. The redemption price, together with any accrued and unpaid interest up to and including the Redemption Date, will be paid to each person who is registered as owner of Existing Notes in the debt register maintained by Euroclear Sweden AB at the end of business on 25 June 2026 (the "Record Date").
After completion of the Redemption, all Existing Notes, in a total nominal amount of SEK 960,000,000, will have been repurchased in accordance with the tender offer announced by Bonava on 5 June 2026, or redeemed, at a price of 103.54 per cent. of the nominal amount of the Existing Notes together with any accrued and unpaid interest.
Today, 23 June 2026, is the last day of trading in the Existing Notes for any trade on such day to be registered in the debt register on the Record Date.
Further information regarding the Redemption can be found in Bonava's press release published on 5 June 2026.
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