Financial, market and economic news

SCA issues bonds for SEK 2.5 billion

STOCKHOLM, Sept. 17, 2020 /PRNewswire/ — On Wednesday September 16, 2020,  Svenska Cellulosa Aktiebolaget SCA (publ) issued new bonds under the companys’ Medium Term Note programme (MTN).

The total issuance amounted SEK 2.5 billion, of which SEK 1.3 billion with a 5 year maturity with fixed and floating rates, and SEK 1.2 billion with a seven year maturity with fixed rates. The interest rate margin was 0.80% per annum on the five year bond and 1.10% per annum on the seven year bond.

The proceeds from the bond issue will be used for general corporate purposes, …

Full story available on Benzinga.com

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