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June 11, 2020
Cibus Nordic Real Estate AB (publ) issues EUR 135m bonds and announces early redemption of existing bonds and results from tender offer

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New issue

Cibus Nordic Real Estate AB (publ) (the "Issuer" or "Cibus") has successfully issued senior unsecured bonds in the total amount of EUR 135 million under a framework of EUR 175 million. The bonds have a tenor of 3.25 years and a floating interest rate of EURIBOR three months plus 450 bps and will mature on 18 September 2023 (the "New Bonds"). Cibus intends to apply for listing of the New Bonds on the corporate bond list of Nasdaq Stockholm.

The Tender Offer

Cibus further announces the results of the tender offer (the "Tender Offer") to the holders of Cibus' outstanding senior unsecured floating rate bonds 2018/2021 with ISIN SE0010740530 and outstanding amount of EUR 135 million (the "Bonds"). The Tender Offer expired at 12:00 CEST on June 11, 2020. The Tender Offer has been accepted by holders of Bonds representing a total nominal amount of EUR 114 million.

Cibus intends to complete the Tender Offer and the price for the Bonds in the Tender Offer amounts to 101.70 % of the nominal amount. Cibus will also pay accrued and unpaid interest on the Bonds on the settlement date in accordance with the terms and conditions of the Bonds. The settlement date for the Tender Offer is expected to occur on or around June 18, 2020.

Early redemption

Cibus also announces its intention to exercise its right to make a voluntary early redemption of the Bonds not being tendered in the Tender Offer, in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds. The redemption date will be July 9, 2020 and the redemption amount for each Bond shall be the applicable call option amount (being 101.50 per cent. of the nominal amount of the Bonds), plus accrued but unpaid interest. The redemption amount will be paid to the bondholders holding Bonds on the relevant record date (being July 2, 2020).

Cibus' obligation to redeem the Bonds on the redemption date is conditional upon fulfilment of the conditions precedent for disbursement of the net proceeds from the New Bonds.

Subject to the above, the Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will occur on or about June 30, 2020.

Danske Bank A/S, Danmark, Sverige Filial and Nordea Bank Abp have acted as joint arrangers and bookrunners in respect of the issuance of the New Bonds and as dealer managers and tender agents for the Tender Offer. Roschier Advokatbyrå AB has acted as legal advisor to the Issuer.

Dealer managers, joint bookrunners and tender agents:

Danske Bank A/S, Danmark, Sverige Filial: +46 (0)8- 23 56 23, dcm_admin@danskebank.se 

Nordea Bank Abp: +45 61 36 03 79, NordeaLiabilityManagement@nordea.com 

For further information, please contact:

Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)

Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate (+46 708 580 453)

This information is information that Cibus Nordic Real Estate AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (Sw. Lag (2007:528) om värdepappersmarknaden). The information was submitted for publication, by the contact persons set out above, at 16:30 CEST on June 11, 2020.

Cibus is a real estate company listed on Nasdaq First North Premier Growth Market in Stockholm. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns more than 270 properties in the Nordic. The main tenants are Kesko, Tokmanni, Coop and S-Group. FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is appointed Certified Adviser.

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