Saab Has Issued a 4 Year Floating Rate Note

Defence and security company Saab (SAAB B) has on 3 September 2015 issued a 4 year Floating Rate Note (FRN) under the existing Medium Term Note programme (MTN). The FRN amounts to SEK 575 million, with maturity on 10 September 2019. Saab has now issued bonds equivalent to the total programme size of SEK 3 billion.

LINKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:

SAAB AB (STO:SAABB):

The purpose of the transaction is to amortize short-term financing, which is in line with Saab’s long-term financing strategy for the business.

The terms of the issue are three months STIBOR (Stockholm Interbank Offered Rate) + 120 basis points.

Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.

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 4 September 2015 at 12.00 (CET).

This information was brought to you by Cision http://news.cision.com