Electrolux today issued a SEK 1,000 million bond loan under its EMTN (Euro Medium Term Note) program.
The bond loan is issued on May 28, 2014, with a maturity on May 28, 2019. One part of the loan, SEK 250 million, is issued at fixed rate and carries a coupon of 2.34% annually. The remaining part, SEK 750 million, has a floating interest rate.
The bond will be listed on the Luxembourg Stock Exchange. The proceeds of the offering will be used for general corporate purposes. The transaction has a marginal impact on Electrolux total outstanding debt, as the company at the same time has repurchased bonds with maturities in 2015 and 2016 representing approximately the same total loan amount.
Detailed information on the bond loan and terms of the issuance is found on the Group’s web site at Electrolux Long-term bond issues.
For further information
Contact Electrolux Press Hotline, +46 8 657 65 07.
Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 18.00 CET on May 28, 2014.