Medium Term Notes blog update courtesy of Business Wire.
Svenska Cellulosa Aktiebolaget, SCA (STO:SCAA)(STO:SCAB), has today, under its Euro Medium Term Note (EMTN) program, raised EUR 600m, of which EUR 300m has a tenor of five years and EUR 300m has a tenor of ten years. The Re-offer yield for the five-year bond is 0.54% per year, corresponding to Euro Mid-swaps +0.28 percentage points. The Re-offer yield for the ten-year bond is 1.15% per year, corresponding to Euro Mid-swaps +0.5 percentage points.
The bond issues were oversubscribed and the bonds were subsequently placed with 107 international investors.
The bonds will be listed on the Luxembourg Stock Exchange. The purpose of the transactions is to refinance maturing loans.
About Svenska Cellulosa Aktiebolage
Svenska Cellulosa Aktiebolaget consumer goods company and pulp and paper manufacturer based out of Stockholm. Svenska Cellulosa Akteibolage was founded in 1929 by Ivar Kreuger and originally a holding company for ten Swedish forest industry companies. Company’s current products include tissue, publication paper, sawn wood products and wood pulp. Svenska Cellulosa Aktiebolage is under current President and CEO Magnus Groth and Chairman Pär Boman.by