AAK issues bond for a total of SEK 500 million
AAK AB has issued a senior unsecured bond for a total of SEK 500 million with a tenor of five years. The bond carries a floating interest rate of three months STIBOR plus 130 basis points. The transaction generated strong investor demand and was oversubscribed. The proceeds from the bond issue will be used to finance AAK’s recent acquisitions in Europe and earlier communicated investments in Asia. AAK AB established an MTN program (Medium Term Note) in November 2018 with a framework amount of SEK 4,000 million. In addition to the above-mentioned bond, the company issued a senior