omniture

SKF Issues EUR 300 Million Bond; Updates Guidance for Financial net

SKF
2018-09-17 16:21 616

GOTHENBURG, Sweden, Sept. 17, 2018 /PRNewswire/ -- SKF's new EUR 300 million bond closed today. The senior, unsecured bond matures on 17 September 2025 and carries a fixed coupon interest rate of 1.25%, an historically low rate for SKF.

The proceeds of the issue will be used for the refinancing of existing debt through the buy-back of parts of two outstanding bonds, maturing in 2019 and 2020, with coupon rates of 1.875% and 2.375%, respectively.

Financial net for Q3 2018 is now expected to be approximately SEK -250 million, compared to the Group's previous guidance of SEK -200 million.  

The new bond has been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market.

Aktiebolaget SKF

     (publ)

For further information, please contact:

PRESS: Theo Kjellberg, Director, Press Relations

tel: 46-31-337-6576, mobile: 46-725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations

Patrik Stenberg, 46-31-337-2104; 46-705-472-104; patrik.stenberg@skf.com

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

http://news.cision.com/skf/r/skf-issues-eur-300-million-bond--updates-guidance-for-financial-net,c2619243

The following files are available for download:

Source: SKF
collection