Electrolux issues bond loans
Electrolux today issued two bond loans in the aggregate amount of SEK 3.4 billion under its EMTN (Euro Medium Term Note) programme.
Two bond loans are issued on April 6, 2020 with maturity on April 6, 2023 and each in the amount of SEK 1 700 million. One loan is issued at a fixed rate and carries a coupon of 1.995% 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, please contact Åsa Öhman, 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 April 6, 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