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Saab Global

Saab Issues 5 Year Floating Rate Note

Today, defence and security company Saab (SAAB B) issued a 5 year Floating Rate Note (FRN) under the existing Medium Term Note programme (MTN). The FRN amounts to MSEK 425, with maturity on 22 May 2020. The programme’s total size is SEK 3 billion and in total Saab has issued SEK 2.425 billion under the programme.

The purpose of the transaction is to secure long-term financing of operations and give Saab increased financial flexibility.

The terms of the issue are three months STIBOR (Stockholm Interbank Offered Rate) + 100 basis points.

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018,
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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 22 June 2015 at 17.15 (CET).