today, skf has issued a bond of sek 3 billion with a four-year maturity, which expires on 10 june 2024. the bond was issued in two tranches with sek 2,100 million at a floating interest rate based on 3 month stibor with a premium of 1% and sek 900 million were issued with a fixed interest rate of 1,135%. the proceeds from the issue will be used for general corporate purposes, including refinancing of existing debt.
niclas rosenlew, senior vice president and cfo, says: “we are very pleased that we have issued this bond and the interest it has attracted from investors. skf has a strong balance sheet and our financial liquidity is also strong. we have a well-balanced maturity profile with limited maturities in the next two years.”
skf intends to admit the new bond to trading on the nasdaq stockholm stock exchange's regulated market.