Stockholm, november 5, 2019
Intertrust (Sweden) AB, acting as agent (the "Agent"), has today on the request of Svensk Hypotekspension Fond 3 AB (publ) (the "Issuer") sent a notice of a written procedure to the holders of the SEK 2,000,000,000 Mortgage Backed Fixed Rate Notes with ISIN SE0007691621 issued by the Issuer on 9 February 2016 (the "Notes") pursuant to the terms and conditions dated 3 February 2016 (the "Terms and Conditions").
Background for the written procedure
The first call date for the Notes is 27 January 2020 and the Issuer is therefore preparing to refinance the Notes, and is contemplating to do so by way of issuance of new notes by a newly incorporated affiliate, Svensk Hypotekspension Fond 4 AB (publ).
To facilitate the refinancing commitment process and settlement procedure of the notes contemplated to be issued by Svensk Hypotekspension Fond 4 AB (publ), the Issuer proposes an amendment to the redemption provisions in the Terms and Conditions. The proposed amendment would allow the Issuer to with five (5) business days' notice redeem all outstanding Notes in full at their nominal amount, together with accrued but unpaid interest and an early call premium.
The early call premium will correspond to the interest that would have been payable from the relevant redemption date to the first call date under each Note if redeemed on the first call date, reduced by an amount equal to the interest payable during the same period under each note issued by Svensk Hypotekspension Fond 4 AB (publ) for the purposes of refinancing the Notes as mentioned above.
Record date (for voting): 11 November 2019
Last time and day to vote: 12.00 CET on 25 November 2019
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This information was made publicly available, by way of this press release, on 5 November 2019 at 3 p.m. CET.