AAK issues bond for a total of SEK 1.1 billion
AAK AB has issued a senior unsecured bond for a total of SEK 1.1 billion with a tenor of three years. The bond carries a floating interest rate of three months STIBOR plus 105 basis points. The transaction generated strong investor demand and was oversubscribed.
The proceeds from the bond issue will be used to broaden AAK’s funding base and for general corporate purposes. AAK will apply for the new bond to be listed on Nasdaq Stockholm’s Corporate Bond List.
For further information, please contact:
Mobile: +46 708 95 22 21
This information is information that AAK AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 4:30 p.m. CET on December 3, 2018.
AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in lipid technology within foods and special nutrition applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Special Nutrition, Foodservice, Personal Care, and more. AAK’s proven expertise is based on more than 140 years of experience within oils & fats. Our unique co-development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has 20 different production facilities, sales offices in more than 25 countries and more than 3,400 employees. We are AAK – The Co-Development Company.