SSAB issues 5-year bonds in euro
Today SSAB issued 5-year bonds in the European bond market with a total value of EUR 350 million. The bonds were issued under the Company’s EMTN program and the documentation does not contain any financial covenants. The annual coupon was set at 3.875%.
The bonds will be listed on The Irish Stock Exchange. The borrowing represents an element in the Company’s general financing activity and extends the average term to maturity in the Company’s loan portfolio.
Citigroup, Crédit Agricole and Nordea acted as Active Bookrunners for the transaction.