SCA Hygiene AB raises EUR 2 billion in the bond market
SCA Hygiene AB has today, under its Euro Medium Term Note (EMTN) program, raised EUR 2 billion at an average interest rate of 0.98%. The bonds have been issued in four tranches as seen below:
| Tenor | Amount | Re-offer yield | Margin over mid-swaps |
| 20 months | EUR 300m | -0.01% per year | +13 basis points |
| 5 years | EUR 600m | 0.71% per year | +45 basis points |
| 7 years | EUR 600m | 1.16% per year | +65 basis points |
| 10 years | EUR 500m | 1.68% per year | +83 basis points |
The bond issue was oversubscribed and the bonds were placed with 150 international investors.
The bond will be listed on the Luxembourg Stock Exchange. The purpose of the transaction is to finance the acquisition of BSN medical which is expected to be closed during the second quarter 2017.
BNP Paribas, Citi, Credit Agricole, Deutsche Bank and NatWest Markets acted as joint active bookrunners for the transaction.
For additional information please contact:
Johan Karlsson, Vice President Investor Relations, 46 (0)8 788 51 30
Karl Stoltz, Media Relations Manager, 46 (0)8 788 51 55
SCA is a leading global hygiene and forest products company that sustainably develops, produces, markets and sells personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 46,000 employees. Sales in 2016 amounted to approximately SEK 117bn (EUR 12.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ Stockholm. More information at www.sca.com.