Saab issues 3-year loans under MTN programme
Defence and security company Saab (SAAB B) has on 13 October 2015 issued 3-year loans under the existing MTN programme of MSEK 350 with maturity on 10 December 2018.
The issuance is divided on a Floating Rate Note (FRN) of MSEK 200 and a Fixed Rate Note of MSEK 150. The total size of the MTN programme is SEK 6 billion and Saab has issued SEK 4.15 billion under the programme.
The purpose of the transaction is to amortize short-term financing, which is in line with Saab’s long-term financing strategy for the business.
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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.
The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on 14 October 2015 at 15.00 (CET).