BillerudKorsnas issues bonds
Published by Rebecca Bowden,
Assistant Editor
World Cement,
BillerudKorsnas has successfully issued two bonds with a total nominal value of SEK1 700 000 000. The bonds have a maturity of 5 years and fall due on 21 February 2022. The fixed rate tranche of SEK250 million pays a fixed coupon of 1.625% and the floating rate tranche of SEK 1 450 000 000 pays a floating coupon of three months STIBOR + 1.30%.
The new issue was made under the Medium Term Note programme established in 2013. The programme has a limit of SEK5 000 000 000 and a total outstanding volume of SEK3 500 000 000 after the new issue.
The bond issue was made to support the largest investment BillerudKorsnas has made: a new board machine at the Gruvon site. The new machine will enable the company to serve the growing demand for sustainable packaging solutions.
Read the article online at: https://www.worldcement.com/europe-cis/15022017/billerudkorsnas-issues-bonds/
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