Electrolux issues bond loans
Electrolux today issued two bond loans in the aggregate amount of SEK 3.0 billion under its EMTN (Euro Medium Term Note) programme.
Two bond loans are issued on March 9, 2020 with maturity on March 9, 2022. One of the bond loans, in the amount of SEK 250 million, is issued at a fixed rate and carries a coupon of 0.405% annually. The other bond loan, in the amount of SEK 2 750 million, 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 Åsa Öhmani, 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 08.00 CET on March 9, 2020.
Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux, AEG and Frigidaire, we sell approximately 60 million household products in approximately 120 markets every year. In 2019 Electrolux had sales of SEK 119 billion and employed 49,000 people around the world. For more information go to www.electroluxgroup.com