PostNord issues SEK 2 billion in bonds

Today PostNord AB has issued bonds totaling SEK 2 billion. The bonds have a maturity of 5 years and fall due on September 20, 2017. The fixed rate tranche of SEK 1 billion pays a fixed coupon of 3,125% and the floating rate tranche of SEK 1 billion pays a floating coupon of three months Stibor + 150 basis points.

The issue was made under the Medium Term Note program, established in June 2012 to provide the group with greater flexibility to finance conversions and further acquisitions. The program, with a limit of SEK 6 billion, allows for the issuance of bonds in the Swedish market.

The Joint Bookrunners mandated by PostNord for this transaction were SEB and Danske Bank. The bonds will be listed on NASDAQ OMX Stockholm.

PostNord AB (publ) discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 3 PM CET on September 13, 2012.

PostNord was formed in 2009 through the merger of Post Danmark A/S and Posten AB. The group offers communication and logistics solutions to, from and within the Nordic region, with sales of approximately SEK 40 billion and over 40,000 employees. Operations are managed in business areas Breve Danmark (mail), Meddelande Sverige (mail) and Logistics, and in Strålfors. The parent company is a Swedish public company headquartered in Solna, Sweden. Read more about PostNord at www.postnord.com.

Last updated: 2/18/2014 4:02 PM