Real Estate Company Akelius Residential Property AB's Proposed Unsecured Subordinated Hybrid Notes Assigned 'BB+' Rating

We are assigning our 'BB+' issue rating to the proposed unsecured subordinated hybrid notes to be issued by Swedish residential real estate company Akelius Residential Property AB (publ) (Akelius). The issue rating on the proposed notes is two notches below the 'BBB' long-term rating on Akelius, reflecting our view of the notes' subordination and interest deferability. FRANKFURT (S&P Global Ratings) March 14, 2018--S&P Global Ratings said today that it has assigned its 'BB+' long-term issue rating to the proposed deferrable subordinated hybrid notes to be issued by Sweden-based Akelius Residential Property AB (BBB/Stable/A-2). The completion and size of the transaction will be subject to market conditions, but we anticipate that it will reach up to the benchmark size of approximately

...+ We are assigning our '##+' issue rating to the proposed unsecured subordinated hybrid notes to be issued by Swedish residential real estate company Akelius Residential Property AB (publ) (Akelius). + The issue rating on the proposed notes is two notches below the '###' long-term rating on Akelius, reflecting our view of the notes' subordination and interest deferability. FRANKFURT (S&P Global Ratings) March 14, 2018--S&P Global Ratings said today that it has assigned its '##+' long-term issue rating to the proposed deferrable subordinated hybrid notes to be issued by Sweden-based Akelius Residential Property AB (###/Stable/A-2). The completion and size of the transaction will be subject to market conditions, but we anticipate that it will reach up to the benchmark size of approximately 500 million. Akelius plans to use the proceeds to fund the company's growth and cover refinancing needs. We classify the proposed notes as having intermediate equity content until their first call date...

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