Reoffer: 5yr: MS+140bp / 99.18 / 4.135%
Benchmark: 5yr: DBR 0 15-Feb-31 @ 88.290 / B+156.6bp / HR 104%
Books: Orderbooks in excess of €2.8bn
Launched: 5yr: €550m @ MS+140bp - Orderbooks in excess of €2.8bn
Spread set at: 5yr: MS+140bp
IPTs: 5yr: MS+175a
Issuer: Akelius Residential Property AB (AKFAST)
Issuer LEI: 213800REBFN6T3PU8L97
Issuer Rating: BBB-, Stable, by Standard & Poor’s
Expected Notes Rating: BBB- (Standard & Poor’s)
Currency: Euro (€)
Format: Reg S, Bearer, Senior, Unsecured, New Global Notes
Tenor: 5-Year (Fixed, Annual)
Issuance Size: €550m
Settlement Date: 25-Mar-26 (T+5)
Maturity Date: 25-Mar-31
Reoffer: MS+140bp / 99.180 / 4.135%
Benchmark: DBR 0 15-Feb-31 +156.6bps (@88.290), HR 104%
Coupon: 3.95%
Day Count Fraction: Actual / Actual (ICMA), Following Unadjusted
Coupon Step Up / Step Down: Yes
Step Up Margin: +125 bps
Financial Covenants:
Unencumbered assets (maintenance) test ≥ 125%
Loan-to-value (incurrence) test ≤ 65%
Secured loan-to-value (incurrence) test ≤ 45%
Interest coverage ratio (incurrence) test ≥ 1.5x
As described and stipulated in the Base Prospectus
Negative Pledge: Yes, as described and stipulated in the Base Prospectus
Optionality: Make-Whole Call, 3 Month Par-Call, Tax Call at Par, Clean-up Call (75%) at Par, Change of Control Put at Par
MWC: B+25
Use of Proceeds: The net proceeds will be applied to the refinancing of existing indebtedness, as well as for general corporate purposes
Documentation: Akelius Residential Property AB’s and Akelius Residential Property Financing B.V.’s EUR 5bn EMTN Programme dated 27-Feb-26 (the “Programme”) and the base prospectus dated 27-Feb-26 (the “Base Prospectus”)
Denominations: 100k x 1k
Clearing: Euroclear and Clearstream, Luxembourg
Payment Days: T2
Listing / Governing Law: Euronext Dublin (Regulated Market), English Law
ISIN / Common Code: XS3310459931 / 331045993
MiFID II / UK MiFIR Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK
Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus is available, and the final terms when published, will be available, on: https://www.euronext.com/en
Selling Restrictions: As per the Base Prospectus (Regulation S Category 2, TEFRA D, EEA, UK, Canada, Sweden, The Netherlands, Japan, Singapore, General, No sales to EEA and UK Retail)
Global Coordinator and Active Bookrunner: Barclays (B&D)
Passive Bookrunners: BNP Paribas and Danske Bank
Timing: TOE: 13.31 UKT / 14.31 CET FTT: 14.05 UKT / 15.05 CET
Use of Proceeds
Will be applied to the refinancing of existing indebtedness, as well as for general corporate purposes