Ericsson successfully launches Euro corporate bonds
(Thomson Reuters ONE) -
* Ericsson issuing two bonds of EUR 500m each, maturing in 2021 and 2024
* Strong and widespread investor demand
* The bonds extend Ericsson's well diversified debt maturity profile
Following a well-attended road show, Ericsson (NASDAQ:ERIC) has successfully
placed one Euro denominated 500 million 4-year bond with a fixed coupon rate of
0.875% and one Euro denominated 500 million 7-year bond with a fixed coupon rate
of 1.875%. The bonds were issued under Ericsson's Euro Medium Term Note Program
(EMTN).
With this transaction, Ericsson extends its entry to the Eurobond market, one of
the world's largest corporate bond markets, and takes advantage of strong
current corporate credit market conditions.
The bonds will extend Ericsson's well diversified maturity profile and the
proceeds will be used to refinance debt maturing in 2017 and for general
corporate purposes.
Carl Mellander, acting CFO says: "This reconfirms market confidence in Ericsson
and supports our strong balance sheet and financial flexibility."
Joint bookrunners were Citi, Credit Agricole CIB and SEB and co-managers were
Nordea, Standard Chartered and Swedbank.
NOTES TO EDITORS MORE INFORMATION AT:
For media kits, backgrounders and high- News Center
resolution photos, please visit
www.ericsson.com/press media.relations(at)ericsson.com
(+46 10 719 6996)
FOLLOW US:
investor.relations(at)ericsson.com
www.twitter.com/ericsson (+46 10 719 00 00)
www.facebook.com/ericsson
www.linkedin.com/company/ericsson
www.youtube.com/ericsson
Ericsson is a world leader in communications technology and services with
headquarters in Stockholm, Sweden. Our organization consists of more than
111,000 experts who provide customers in 180 countries with innovative solutions
and services. Together we are building a more connected future where anyone and
any industry is empowered to reach their full potential. Net sales in 2016 were
SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq
Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.
This announcement is for information purposes only and does not constitute a
prospectus or offering circular or an offer to acquire any securities and is not
intended to provide the basis for any credit or any other third party evaluation
of the securities (the "Securities") or the transaction (the "Transaction") and
should not be considered as a recommendation that any investor should subscribe
for or purchase any of the Securities. Neither this announcement nor any other
documentation or information (or any part thereof) delivered or supplied under
or in relation to the Transaction or the Securities shall be deemed to
constitute an offer of or an invitation to purchase or subscribe the Securities.
This announcement does not constitute an offer to sell, exchange or transfer any
securities and is not soliciting an offer to purchase, exchange or transfer any
securities in any jurisdiction where such offer, sale, exchange or transfer is
not permitted or is unlawful. Any investor who acquires the Securities must
rely solely on the final offering circular published by the Company in
connection with the Transaction, on the basis of which alone purchases of or
subscription for the Securities may be made.
This announcement is only being distributed to and is only directed at persons
(i) who are outside the United Kingdom or (ii) to investment professionals
falling within Article 19 of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities,
and other persons to whom it may lawfully be communicated, falling within
Article 19 of the Order (all such persons together being referred to as
"relevant persons"). This announcement must not be acted on or relied on by
persons who are not relevant persons. Any investment or investment activity to
which this communication relates is available only to relevant persons and will
be engaged in only with relevant persons.
This announcement does not constitute or form part of an offer to sell or the
solicitation of an offer to subscribe for or otherwise acquire any securities in
the United States or in any other jurisdiction. This announcement is not for
distribution, directly or indirectly in or into the United States (as defined in
Regulation S under the US Securities Act of 1933, as amended (the "Securities
Act")). The Securities have not been and will not be registered under the
Securities Act and may not be offered or sold within the United States or to, or
for the account or benefit of, U.S. persons except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act.
Ericsson successfully launches Euro corporate bonds:
http://hugin.info/1061/R/2081625/784143.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.02.2017 - 08:30 Uhr
Sprache: Deutsch
News-ID 526341
Anzahl Zeichen: 6010
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ericsson successfully launches Euro corporate bonds"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
