Alfa Laval issues corporate bonds
Alfa Laval has raised EUR 600 million in the corporate bond market, issuing two bonds of EUR 300 million each, under its existing EMTN program. The four-year bond has a 0.875% coupon and matures on February 18, 2026, while the seven-year bond carries a 1.375% coupon and matures on February 18, 2029. Proceeds will be used for general corporate purposes, including refinancing EUR 500 million of maturing bonds due September 2022.
- Successfully raised EUR 600 million in the corporate bond market.
- Bonds will be listed on the Irish Stock Exchange, enhancing liquidity.
- Refinancing EUR 500 million of maturing debt indicates existing liquidity pressure.
LUND, Sweden, Feb. 11, 2022 /PRNewswire/ -- Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has raised EUR 600 million in the corporate bond market, under an existing EMTN program. The bonds will be listed on the Irish Stock Exchange.
Alfa Laval has issued two corporate bonds of EUR 300 million each, under the company's existing EMTN program. The bonds will have four- and seven-years maturity respectively, i.e. with maturity on February 18, 2026 and on February 18, 2029. The four-year bonds carry a coupon of 0.875 percent annually and the seven-year bonds carry a coupon of 1.375 percent annually.
The proceeds from the bonds will be used for general corporate purposes including refinancing of EUR 500 million bonds, maturing in September 2022.
For more information please contact:
Henrik Welch
Group Treasurer
Alfa Laval
Tel.: +46 46 289 16 39
Johan Lundin
Head of Investor Relations
Alfa Laval
Tel.: +46 46 36 65 10
This is Alfa Laval
Alfa Laval is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress – always going the extra mile to support customers in achieving their business goals and sustainability targets.
Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day.
Alfa Laval has 16,700 employees. Annual sales in 2020 were SEK 41.5 billion (approx. EUR 4 billion). The company is listed on Nasdaq OMX.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/alfa-laval/r/alfa-laval-issues-corporate-bonds,c3504681
The following files are available for download:
PR_CorporateBonds_220210_ENG_F |
View original content:https://www.prnewswire.com/news-releases/alfa-laval-issues-corporate-bonds-301480519.html
SOURCE Alfa Laval
FAQ
What is the total amount raised by Alfa Laval in corporate bonds?
What are the maturity dates for Alfa Laval's newly issued bonds?
What are the coupon rates for the bonds issued by Alfa Laval?
What is the purpose of the funds raised from Alfa Laval's bond issuance?
Where will Alfa Laval's bonds be listed?
