Saab AB raises MSEK 1,250 in the bond market
Saab (SAAB AB) has today, March 21 2018, issued fixed and floating rate bonds (FRN) of total MSEK 1,250 using the existing Medium Term Note programme (MTN).
bonds have been issued in three tranches according to following:
|2 years||250 MSEK||FRN|
|2 years||600 MSEK||FIX|
|5 years||400 MSEK||FRN|
Saab currently is in a growth phase. The purpose of the transaction is to increase the financial flexibility and to diversify the debt profile during this phase.
Danske Bank and SEB acted as joint bookrunners for the transaction.
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.