Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content - S&P Global Ratings’ Credit Research

Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content

Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content - S&P Global Ratings’ Credit Research
Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content
Published Jan 31, 2020
3 pages (1517 words) — Published Jan 31, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Akelius intends to issue unsecured subordinated hybrid notes of benchmark size. We are assigning our 'BB+' issue rating to the proposed notes. The issue rating on the proposed notes is two notches below the 'BBB' long-term issuer credit rating on Akelius, reflecting our view of the notes' subordination and interest deferability. STOCKHOLM (S&P Global Ratings) Jan. 31, 2020--S&P Global Ratings today assigned its 'BB+' issue rating to the proposed unsecured subordinated hybrid notes to be issued by Akelius Residential Property AB (BBB/Stable/A-2). The completion and size of the transaction will be subject to market conditions, but we anticipate it will be about €500 million. Akelius plans to use the proceeds to to repay senior debt and for potential future acquisitions.

  
Report Type:

Ratings Action

Issuer
Akelius Residential Property AB
Sector
Global Issuers, Structured Finance
Country
Sweden
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content" Jan 31, 2020. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Akelius-Residential-Property-AB-Proposed-Hybrid-Notes-Rated-BB-And-Assessed-As-Having-Intermediate-Equity-Content-2375860>
  
APA:
S&P Global Ratings’ Credit Research. (). Akelius Residential Property AB Proposed Hybrid Notes Rated 'BB+' And Assessed As Having Intermediate Equity Content Jan 31, 2020. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Akelius-Residential-Property-AB-Proposed-Hybrid-Notes-Rated-BB-And-Assessed-As-Having-Intermediate-Equity-Content-2375860>
  
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