Swedish vehicle safety parts supplier Autoliv Inc. priced its five-year bond offering of €500 million in the Eurobond market.

The notes, which will carry a coupon of 0.75%, are expected to be issued June 26 and will be admitted to trading on the Irish Stock Exchange's Global Exchange Market afterward, the company said June 18.

Autoliv will use net proceeds from the offering for general corporate purposes, including allotting some of the money for the $1 billion cash liquidity that it will provide to Veoneer Inc. before the unit's spinoff.

Veoneer's spin-off is expected to be completed June 29 and it will begin trading July 2.