Saab SEK 1.25bn three-tranche MTN issue (March 2018)
Financial flexibility and a more diversified debt profile
Key terms
- Borrower or issuer
- Saab
- Date
- 21 Mar 2018
- Type
- Bond
- Amount
- SEK 1.25bn (US$144m)
- Pricing
- MSEK 250 floating, MSEK 600 fixed, MSEK 400 floating
- Maturity
- 2020 / 2023
Recorded terms
- Structure
- Two-year MSEK 250 FRN, two-year MSEK 600 fixed rate note and five-year MSEK 400 FRN under the MTN programme
- Lenders and arrangers
- Joint bookrunners: Danske Bank, SEB
- Country
- Sweden
Parties
- Saab borrower or issuer
- bookrunner/arranger: Danske Bank, SEB
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 12 Apr 2018 | Indra €300m 3.00% senior notes due 2024 | Bond | €300m |
| 26 Feb 2018 | Harris Corporation US$300m floating rate notes due 2019 | Bond | US$300m |
| 3 May 2018 | Oshkosh US$300m 4.600% senior notes due 2028 | Bond | US$300m |
| 10 May 2018 | General Dynamics US$7,500m senior notes (7 tranches) | Bond | US$7.5bn |
| 18 May 2018 | BWX Technologies US$400m 5.375% senior notes due 2026 | Bond | US$400m |
More from Saab
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 9 Sep 2025 | Saab SEK 2bn MTN issue (September 2025) | Bond | SEK 2bn |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| Nov 2023 | Saab SEK 1.25bn MTN issue due 2028 | Bond | SEK 1.25bn |
| 24 Sep 2021 | Saab SEK 6bn revolving credit facilities (2021) | Bank facility | SEK 6bn |
| 26 Mar 2020 | Saab SEK 4bn revolving credit facility (2020) | Bank facility | SEK 4bn |
M&A and investment involving Saab
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Saab SEK 6.0bn rights issue | Equity raise | SEK 6.01bn |
Sources
- Saab press release: MSEK 1,250 raised in the bond market saab.com · 21 Mar 2018
About this record
Record DEF-2018-0020, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
