Electrolux issues bond loans
Electrolux today issued two bond loans in the aggregate amount of SEK 1.5 billion under its EMTN (Euro Medium Term Note) program.
Two bond loans are issued on November 19, 2019 with maturity on November 19, 2024 and each in the amount of SEK 750 million. One loan is issued at a fixed rate and carries a coupon of 0.885% annually. The other has a floating interest rate.
The bonds will be listed on the Luxembourg Stock Exchange. The bond proceeds will be used for general corporate purposes.
Detailed information on the bond loans and terms of the issuances is found on the Group’s web site at http://www.electroluxgroup.com/en/long-term-bond-issues-363/.
For further information, contact Daniel Frykholm, Electrolux Press Hotline, +46 8 657 65 07.
This is information that AB Electrolux is obliged to make public pursuant to the Securities Market Act. The information was submitted for publication at 0800 CET on November 19, 2019.
Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences, making life more enjoyable and sustainable for millions of people. As a leading global appliance company, we place the consumer at the heart of everything we do. Through our brands, including Electrolux, AEG and Frigidaire, we sell more than 60 million household and professional products in more than 150 markets every year. In 2018 Electrolux had sales of SEK 124 billion and employed 54,000 people around the world. For more information go to www.electroluxgroup.com.