Today, defence and security company Saab (SAAB B) issued a 5.5 year loan under the existing Medium Term Note programme (MTN). Saab has issued bonds of MSEK 600, 500 floating and 100 fixed-rate loans, with maturity on 19 December 2019. The total size of Saab's MTN Programme is SEK 3 billion and in total Saab has issued SEK 1.6 billion under the programme. The purpose of the transaction is to secure long-term financing of operations and give Saab increased flexibility to finance operating activities and continued acquisitions. Saab also has an unutilized Swedish commercial paper programme of SEK 5 billion. - We have chosen to place MSEK 600, which was in line with our objective. The interest rate level and credit spread has worked in our favour since the previous issue in December 2013, says Stefan Lind, Group Treasurer at Saab. The terms of the issue are three months STIBOR + 125 basis points and mid swap + 125 basis points respectively for the loans with floating and fixed-rate. The bonds will be listed on the NASDAQ OMX. Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. For further information, please contact: Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com www.saabgroup.com www.saabgroup.com/Twitter www.saabgroup.com/YouTube The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on June 5, 2014 at 08.45 (CET).
Saab issues 5.5 year loan Today, defence and security
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