Heimstaden Bostad - comment

Heimstaden Bostad sold 380 residential units in Sweden to Hemvist, a fully owned subsidiary of Käpan, the Swedish employee pension fund for SEK 1,160m.  The properties were completed in 2023 but Heimstaden Bostad have not shared the cost or book value.  

Separately, Fitch and S&P have rated the new Hybrid offering at BB, whose use of proceeds is to redeem the 2025 Hybrid bonds.