SANDVIKEN, Sweden--(BUSINESS WIRE)--Sandvik AB (STO:SAND) has made a successful bond issue in the Swedish capital market of 4 billion SEK. The bonds are issued under the Swedish Medium Term Note Program and evenly split in two tenors maturing January 14, 2020 and January 14, 2021. The issues are at both fixed and floating rates.
“The market showed big interest in participating in the issue and we are very pleased with this transaction securing long-term funding at attractive terms”, says Anders Örbom, Group Treasurer at Sandvik.
Bookrunners for the transaction were Danske Bank, Handelsbanken Capital Markets and Nordea Markets. The bonds are listed on NASDAQ OMX Stockholm.
Stockholm, 9 May 2014
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2013 the Group had about 47,000 employees and representation in 130 countries, with annual sales of about 84,000 million SEK.
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