SSAB issues Sustainability-Linked bonds amounting to SEK 2,100 million
SSAB AB has successfully issued two five-year senior unsecured sustainability-linked bonds of the combined amount SEK 2,100 million under its EUR 2bn EMTN programme, dated 12 May 2023. The new bonds are due in June 2028 and carry a coupon of 3m Stibor +170 bps for the floating rate notes (SEK 600mn) respectively 4.875% for the fixed rate notes (SEK 1.500mn). The transactions generated strong interest from investors and the issue was well oversubscribed. The proceeds will be used for general corporate purposes. SSAB is leading the green transition of the steel industry, with the