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/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.