SSAB issues bonds amounting EUR 150m
August 30, 2018 16:15 CEST 6 min read
SSAB issues bonds amounting to EUR 150m with a tenor of 5 years for general corporate purposes.
SSAB AB (publ) has successfully issued senior unsecured bonds in the total amount of EUR 150m under its EUR 2 bn EMTN programme dated 18 May 2018. The bonds have a tenor of 5 years and a fixed coupon of 2.875%. The transaction generated strong interest from investors and the issue was oversubscribed.
The proceeds will be used for general corporate purposes.
- We are very pleased with the strong interest seen from investors. The fact that the bond was oversubscribed shows that there is both strong interest and trust in SSAB. The bond proceeds will be used to repay coming maturities and we follow our strategy to deleverage and increase the maturity of the remaining debt, says Håkan Folin, CFO of SSAB.
For further information, please contact:
Henrik G. Welch, Vice President, Head of Group Treasury
Telephone: +46 70 2638399
Peter Nordquist, Head of Funding and Markets Operations
Telephone: +46 8 454 5745
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki.www.ssab.com.
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