Birka Energi (Baa1/BBB+), a Swedish vertically integrated energy company, priced a Eu500mm 7-year benchmark transaction

Birka Energi (Baa1/BBB+), a Swedish vertically integrated energy company, priced a Eu500mm 7-year benchmark transaction yesterday. The company conducted a four day roadshow across Europe which generated heavy demand for the offering. Following significant oversubscription for Birka's bonds, the company priced at +94bp over mid-swaps, well inside of initial price talk of mid-to-high 90s . A combination of a successful roadshow, a revival in market conditions and Birka's stable credit resulted in an orderbook of more than Eu1.5 billion. The investor demand was broad with over 130 investors participating in the offering from accross Europe. ABN AMRO Bank N.V. and Schroder Salomon Smith Barney were joint- bookrunners on the offering. For further information please contact: Lars-Håkan Ellenius, CFO, Tel +46 8-671 79 69 or +46 70-676 79 69 Jan Seveborg, Group Treasurer, Tel +46 8-671 80 40 or +46 70-344 51 63 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/06/20010206BIT00310/bit0001.doc http://www.bit.se/bitonline/2001/02/06/20010206BIT00310/bit0002.pdf