Ericsson refinances part of its debt with a EUR bond issue
Ericsson (NASDAQ:ERIC) has successfully issued a EUR bond under its EMTN program.Ericsson has launched a Euro denominated 600 million four-year bond issue with fixed coupon rate of 5.0%. Ericsson intends to use the proceeds of the offering for refinancing of bonds maturing within the current and next year and for general corporate purposes. The bond issue will lengthen Ericsson's average debt maturity profile and provide a more efficient capital structure.The mandated joint lead managers for the EUR bond are BNP Paribas, Calyon and Deutsche Bank. Ericsson last accessed the Eurobond