PostNord issues SEK 2 billion in bonds
Today PostNord AB has issued bonds totaling SEK 2 billion. The bonds have a maturity of 5 years and fall due on September 20, 2017. The fixed rate tranche of SEK 1 billion pays a fixed coupon of 3,125% and the floating rate tranche of SEK 1 billion pays a floating coupon of three months Stibor + 150 basis points. The issue was made under the Medium Term Note program, established in June 2012 to provide the group with greater flexibility to finance conversions and further acquisitions. The program, with a limit of SEK 6 billion, allows for the issuance of bonds in the Swedish market.