15.03.2017 19:07:00

SCA Hygiene AB Raises EUR 2 Billion in the Bond Market

STOCKHOLM, Mar. 15, 2017 /PRNewswire/ --SCA Hygiene AB has today, under its Euro Medium Term Note (EMTN) program, raised EUR 2 billion at an average interest rate of 0.98%. The bonds have been issued in four tranches as seen below:

Tenor                  

Amount                      

Re-offer yield      

Margin over mid-swaps

20 months

EUR 300m

-0.01% per year

 

+13 basis points

5 years

EUR 600m

0.71% per year

+45 basis points

7 years

EUR 600m

1.16% per year

+65 basis points

10 years

EUR 500m

1.68% per year

+83 basis points

The bond issue was oversubscribed and the bonds were placed with 150 international investors.

The bond will be listed on the Luxembourg Stock Exchange. The purpose of the transaction is to finance the acquisition of BSN medical which is expected to be closed during the second quarter 2017.

BNP Paribas, Citi, Credit Agricole, Deutsche Bank and NatWest Markets acted as joint active bookrunners for the transaction.

CONTACT:

For additional information please contact:
Johan Karlsson, Vice President Investor Relations, +46-(0)-8-788-51-30
Karl Stoltz, Media Relations Manager, +46-(0)-8-788-51-55

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/sca/r/sca-hygiene-ab-raises-eur-2-billion-in-the-bond-market,c2216007

The following files are available for download:

http://mb.cision.com/Main/600/2216007/643431.pdf

SCA Hygiene AB raises EUR 2 billion in the bond market

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sca-hygiene-ab-raises-eur-2-billion-in-the-bond-market-300424215.html

SOURCE SCA

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