GOTHENBURG, Sweden,
Sept. 17, 2018 /PRNewswire/
-- SKF's new EUR 300 million
bond closed today. The senior, unsecured bond matures on
17 September 2025 and carries a fixed
coupon interest rate of 1.25%, an historically low rate for
SKF.
The proceeds of the issue will be used for the refinancing of
existing debt through the buy-back of parts of two outstanding
bonds, maturing in 2019 and 2020, with coupon rates of 1.875% and
2.375%, respectively.
Financial net for Q3 2018 is now expected to be approximately
SEK -250 million, compared to the
Group's previous guidance of SEK -200
million.
The new bond has been listed on the Official List of the
Luxembourg Stock Exchange and admitted to trading on the Luxembourg
Stock Exchange's regulated market.
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Theo Kjellberg, Director,
Press Relations
tel: 46-31-337-6576, mobile: 46-725-776576, e-mail:
theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik
Stenberg, Head of Investor Relations
Patrik Stenberg, 46-31-337-2104;
46-705-472-104; patrik.stenberg@skf.com
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SOURCE SKF