ABGSC acted as joint bookrunner in the SEK 2,945m directed share issue in Balder

On Tuesday 24 November 2020, Balder announced the successful completion of a directed issued of 6.5 million class B shares at a price of SEK 453 per share, raising gross proceeds of SEK 2,945m. The price was determined in an accelerated book building process and corresponded to a discount of 4.8 per cent in relation
to the closing share price on 23 November 2020. In relation to the last reported long-term NAV per share, the price represented a premium of 25 per cent. Proceeds will be used for real estate acquisitions and investments in existing property portfolio. Balder intends to commence construction of 3,500 to 4,000 apartments in the fourth quarter of 2020 and 2021. This is the third largest directed share issue through an accelerated book building process in Sweden until the present date.
ABG Sundal Collier acted as one of two joint bookrunners.