The redemption date ("Redemption Date") will be 19 July 2021 and the Bonds will be redeemed at an amount equal to 102.00 per cent. of the Nominal Amount together with accrued but unpaid interest (the "Redemption Price").
The Company's obligation to redeem any of the Bonds on the Redemption Date is conditional upon the completion of the successful new issue of senior unsecured bonds and the fulfilment of conditions precedent for disbursement of the net proceeds from such new bonds issue, which are, among other things, to be applied towards financing the redemption of the Bonds (the "Financing Condition").
The record date for holders of the Bonds subject to the Redemption Price (the "Record Date") will be 12 July 2021. In conjunction with the redemption, the Bonds will be delisted from the corporate bond list at Nasdaq Stockholm.
If the Financing Condition is not satisfied on or prior to the Redemption Date, the Bonds will remain outstanding and interest will continue to accrue in accordance with the terms thereof.
For further information, please contact:
Oscar Engelbert, Founder and CEO of Oscar Properties Holding AB (publ)
Mob: +4670 568 00 01 E-mail: oscar@oscarproperties.se
This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above, at 17.30 CEST on June 21, 2021.
About Oscar Properties
Oscar Properties is a property company focusing on property management and project de-velopment. We purchase, manage, develop and sell properties in attractive locations throughhout Sweden, with the long-term strategy of being active in both property manage-ment and new production as well as conversions.