SAS AB (PUBL) issues SEK 1,500 million subordinated perpetual capital securities

Published on : Wednesday, October 16, 2019

SAS AB (publ) (the “Company” or “SAS”) has successfully issued SEK denominated subordinated capital securities with perpetual tenor and which will be treated as equity in SAS’ accounting in the total amount of SEK 1,500 million. The capital securities have a floating interest rate of STIBOR three months plus 825 bps and have a first call date on 23 October 2024.

 

SAS intends to apply for listing of the capital securities on the corporate bond list of Nasdaq Stockholm.

 

SAS will use the net proceeds from the issue of capital securities for its general corporate purposes, including refinancing of financial indebtedness and funding of aircraft acquisitions.

 

Danske Bank, Nordea, SEB and Swedbank acted as Joint Lead Managers and Joint Bookrunners for the transaction.

 

 

Source:- SAS Airlines


(No Like Yet)

Related Posts

Tags:

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 06 SATTE-GenX-Virtual-Expo
  • 11 i-meet-hotel
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. ITE Hong Kong 2020

      August 7 - August 9
    2. Hotel Investment Conference Australia New Zealand

      August 12 - August 14
    3. DRT SHOW BEIJING

      August 14 - August 16
    4. IBTM AMERICAS 2020

      August 26 - August 27
    5. UITT

      September 1 - September 3
Get our toolbar!
Review www.travelandtourworld.com on alexa.com