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0NWW Ab Skf

188.80
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ab Skf LSE:0NWW London Ordinary Share SE0000108201 SKF ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 188.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Steel Foundries, Nec 103.88B 6.4B 14.0441 1.46 9.36B

SKF Issues EUR 300 Million Bond; Updates Guidance for Financial net

17/09/2018 8:13am

PR Newswire (US)


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GOTHENBURG, Sweden, Sept. 17, 2018 /PRNewswire/ -- SKF's new EUR 300 million bond closed today. The senior, unsecured bond matures on 17 September 2025 and carries a fixed coupon interest rate of 1.25%, an historically low rate for SKF.

The proceeds of the issue will be used for the refinancing of existing debt through the buy-back of parts of two outstanding bonds, maturing in 2019 and 2020, with coupon rates of 1.875% and 2.375%, respectively.

Financial net for Q3 2018 is now expected to be approximately SEK -250 million, compared to the Group's previous guidance of SEK -200 million.  

The new bond has been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market.

Aktiebolaget SKF

     (publ)

For further information, please contact:

PRESS: Theo Kjellberg, Director, Press Relations

tel: 46-31-337-6576, mobile: 46-725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations

Patrik Stenberg, 46-31-337-2104; 46-705-472-104; patrik.stenberg@skf.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/skf/r/skf-issues-eur-300-million-bond--updates-guidance-for-financial-net,c2619243

The following files are available for download:

http://mb.cision.com/Main/637/2619243/909920.pdf

full release as pdf

Cision View original content:http://www.prnewswire.com/news-releases/skf-issues-eur-300-million-bond-updates-guidance-for-financial-net-300713519.html

SOURCE SKF

Copyright 2018 PR Newswire

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