Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

Svenska Cellulosa Aktiebolaget (SCA) issued new bonds under the companys’ Medium Term Note programme (MTN).

The total issuance amounted SEK 2.5 billion, of which SEK 1.3 billion with a 5 year maturity with fixed and floating rates, and SEK 1.2 billion with a seven year maturity with fixed rates.

The interest rate margin was 0.80% per annum on the five year bond and 1.10% per annum on the seven year bond.

The proceeds from the bond issue will be used for general corporate purposes, including the re-financing of outstanding bonds and other short term debt.

Handelsbanken Capital Markets and Swedbank acted as Joint Bookrunners for the transaction. The bonds will be listed on Nasdaq Stockholm.

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