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Electrolux issues 1B kroner bond loan

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Electrolux issues 1B kroner bond loan

AB Electrolux said March 27 that it issued a 1-billion-Swedish-kroner bond loan maturing on March 27, 2023.

The bond will be listed on the Luxembourg Stock Exchange. One part of the loan will be 200 million kroner issued at a fixed rate with a coupon of 1.125% annually. The second part will be 800 million kroner with a floating interest rate.

The Swedish home appliances maker plans to use the proceeds from the bond offering for general corporate purposes.

As of March 26, US$1 was equivalent to 8.19 Swedish kroner.