Correction of earlier press information:Saab issues 5-year loan
| Source:SAAB AB
Earlier today defence and security company Saab has announced that it has issued
a 5-year loan under the existing Medium Term Note programme (MTN). During this
programme, Saab has issued bonds and Floating Rate Notes (FRN) of SEK 1 billion,
with maturity in December 2018. The total size of Saab's MTN Programme is SEK 3
billion. The correct information is that during the programme, Saab has issued
MSEK 250 at a fixed rate and MSEK 750 as a Floating Rate Note, with maturity in
The purpose of the transaction is to refinance loans equalling SEK 1,100
million, with maturity in early December. Saab already has an unutilized Swedish
commercial paper programme of SEK 5 billion.
"The absolute level of interest rates and credit spreads have both worked in our
favour and we are pleased to say that there has been a great deal of interest in
our issue," says Stefan Lind, Group Treasurer for Saab.
The terms of the issue are three months STIBOR +137 basis points with maturity
in December 2018. The bonds will be listed on the NASDAQ OMX once the MTN
prospectus has been approved by the Swedish Financial Services Authority
Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers’ changing needs.
For further information, please contact:
Saab Press Centre, +46 (0)734 180 018, email@example.com
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 November 28 at 11:00.
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