Saab AB (publ) announces final tender results for Medium Term Notes and issue of new Medium Term Notes

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (the "United States") OR TO ANY U.S. PERSON.

THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE UNITED KINGDOM, FRANCE, BELGIUM AND ITALY) MAY BE RESTRICTED BY LAW.

Saab AB (publ) (the “ Issuer ”) today announces the final results of its invitations to the holders of its outstanding SEK 400,000,000 3.250% notes due 10 December 2018 (ISIN: SE0005567088) (the “ Fixed Rate Notes ”) and SEK 950,000,000 3mS+137bps notes due 10 December 2018 (ISIN: SE0005567070) (the “ Floating Rate Notes ”, and together with the Fixed Rate Notes, the “ Notes ”) to tender their bonds for cash (the “ Tender Offer ”).

Capitalised terms used in this press release but not defined herein have the meanings given to them in press release in respect of the Tender Offer announcement dated 15 September 2017 and published by the Issuer.

At the expiration of the Tender Offer at 12:00 CET on 21 September 2017, valid tender instructions of MSEK 290 in aggregate nominal amount of Fixed Rate Notes and MSEK 748 in aggregate nominal amount of Floating Rate Notes were received pursuant to the Tender Offer.

The Issuer announces that the New Financing Conditions have been met and that a total nominal amount of New Notes of MSEK 1700 has been successfully issued, which is MSEK 662 above the amount repurchased, due to positive market conditions. Accordingly, all valid tender instructions received pursuant to the Tender Offer will be accepted for purchase by the Issuer.

The purchase price payable per Fixed Rate Note having a nominal amount of SEK 1,000,000 is 104.012 per cent and the purchase price per Floating Rate Note having a nominal amount of SEK 1,000,000 is 101.279 per cent. The Issuer will also pay an amount equal to any accrued and unpaid interest on the relevant Notes from, but excluding, the interest payment date for the Notes immediately preceding the settlement date for the purchase of the Notes up to, and including, the Settlement Date.

The settlement date for the Tender Offer is set to 28 September 2017 (the “ Settlement Date ”). All Notes purchased by the Issuer will be cancelled. Notes not tendered pursuant to the Tender Offer will remain outstanding.

Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via the Dealer Managers. All tendering Noteholders should coordinate the trade bookings with their local sales representative immediately.

Information about the Tender Offer may be obtained from the Dealer Managers.

 

CONTACT INFORMATION

Joint Bookrunners and Dealer Managers

Nordea Bank AB (publ)
Email:
nordealiabilitymanagement@nordea.com  
Swedbank AB (publ) Email: syndicate@swedbank.se  

Saab AB (publ)

Group Treasurer Stefan Lind Email: Stefan.Lind @saabgroup.com   Head of Investor Relations Ann-Sofi Jönsson Email: Ann-Sofi.jonsson@saabgroup.com  

For further information contact:
Saab's Press Centre,
+46 734 180 018,
presscentre@saabgroup.com

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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents. Through innovative, collaborative and practical thinking, Saab constantly develops, adapts and improves new technology to meet the changing requirements of customers.   

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Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.

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