Sandvik (STO:SAND) has this week issued a Eurobond of EUR 350 million in
a 12 year transaction maturing in June 2026 under its existing Euro
Medium Term Note programme. The coupon of 3 percent is the lowest ever,
achieved by a BBB Industrial borrower in 12-years.
This transaction further establishes Sandvik with the European fixed
income investor base and builds on an already well diversified investor
following.
The Joint Bookrunners mandated by Sandvik for this transaction were
Barclays, Citi and Société Générale.
Stockholm, Sweden, 13 June 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 87,000 million SEK.
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Copyright Business Wire 2014