Hedge fund flags potential pitfalls in landlord SBB’s bond buyback

US hedge fund Fir Tree Partners seeks clarity on SBB’s offer to buy back some of its outstanding bonds, weeks after claiming the Swedish landlord was in breach of debt terms and demanding repayment.

The logo of SBB is seen at companys headquarters in Stockholm, Sweden, September 14, 2023. | Photo: Staff/Reuters/Ritzau Scanpix

By Libby Cherry and Laura Benitez / Bloomberg

“Unclear” language in the tender offer means any investor participating could be inadvertently agreeing to waive their claims against Samhallsbyggnadsbolaget i Norden AB, as the company is officially known, Fir Tree said in a letter to other bondholders.

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Hedge fund flags potential pitfalls in landlord SBB’s bond buyback

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Further reading

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