Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

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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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