I.A. Hedin Bil Aktiebolag (publ) gives notice of early voluntary redemption of SEK 1,500,000,000 outstanding bond
I.A. Hedin Bil Aktiebolag (publ) (the “Company”) issued on 5 October 2017 SEK 1,500,000,000 (of maximum SEK 2,000,000,000) Senior Unsecured Bonds (the “Bonds”) with ISIN SE0010360701. The Company hereby irrevocably announces that all outstanding Bonds will be voluntarily redeemed in accordance with Clause 9.4 (Voluntary total redemption (call option)) of the Terms and Conditions.
Each Bond will be redeemed to an amount corresponding to 100.50 per cent. of the nominal amount together with accrued and unpaid interest from, but excluding, the previous interest payment date 5 October 2021 to, and including, the early redemption date 7 December 2021.
The record date for holders of the Bonds (the “Record Date”) will be 30 November 2021. In conjunction with the redemption, the Bonds will be delisted from the corporate bond list at Nasdaq Stockholm.
This notice is irrevocable.
For further information:
Anders Hedin, CEO, anders.hedin@hedingroup.com
Media: press@hedingroup.com
This information is information that I.A. Hedin Bil Aktiebolag (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-04 14:00 CET.
About Hedin Bil
I.A Hedin Bil is one of Europe’s largest privately owned car retailer. The Group carries more than 30 car brands and provides full service offering to both private and corporate customers. Hedin Bil is represented in over 120 locations in Sweden, Norway, Belgium and Switzerland.
The portfolio further includes distribution of the brands Ford and MG in Sweden, Dodge RAM in Europe as well as distribution of spare parts and wheels. The Group further includes the car rental company Mabi Mobility AB, private leasing company Car to Go Sweden AB, Busines leasing company Unifleet AB as well as part ownership in Pendragon PLC. www.hedinbil.se