SBB Norden - comment

There should be no impact on the cap stack from the purchase of these bonds. SBB already had the liquidity to redeem the entire EUR530m of the August 26 bond after swapping its Community assets. We assume that the purchase of a nominal EUR93m will have been completed at near par.

https://storage.mfn.se/4573cfc9-017e-499c-a03e-bc190191391a/samhallsbyggnadsbolaget-i-norden-holding-ab-announces-that-the-company-has-repurchased-its-own-bonds.pdf