Sandvik AB (STO:SAND) has made a successful bond issue in the Swedish
capital market of 4 billion SEK. The bonds are issued under the Swedish
Medium Term Note Program and evenly split in two tenors maturing January
14, 2020 and January 14, 2021. The issues are at both fixed and floating
rates.
“The market showed big interest in participating in the issue and we are
very pleased with this transaction securing long-term funding at
attractive terms”, says Anders Örbom, Group Treasurer at Sandvik.
Bookrunners for the transaction were Danske Bank, Handelsbanken Capital
Markets and Nordea Markets. The bonds are listed on NASDAQ OMX Stockholm.
Stockholm, 9 May 2014
Sandvik AB
Sandvik Group
Sandvik is a global industrial group with advanced products and
world-leading positions in selected areas – tools for metal cutting,
equipment and tools for the mining and construction industries,
stainless materials, special alloys, metallic and ceramic resistance
materials as well as process systems. In 2013 the Group had about 47,000
employees and representation in 130 countries, with annual sales of
about 84,000 million SEK.
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Copyright Business Wire 2014