Saab SEK 425m FRN due 2020
Secure long-term financing of operations and increase financial flexibility
Key terms
- Borrower or issuer
- Saab
- Date
- 22 Jun 2015
- Type
- Bond
- Amount
- SEK 425m (US$50m)
- Pricing
- 3-month STIBOR + 100bp
- Maturity
- 2020-05-22
Recorded terms
- Structure
- Five-year floating rate note under the SEK 3bn MTN programme
- Country
- Sweden
Parties
- Saab borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 May 2015 | RTX (Raytheon Technologies) US$850m 4.150% senior notes due 2045 | Bond | US$850m |
| 24 Apr 2015 | L3Harris Technologies US$2,400m senior notes (5 tranches) | Bond | US$2.4bn |
| 29 Sep 2015 | Orbital ATK US$400m 5.50% senior notes due 2023 | Bond | US$400m |
| 17 Feb 2015 | Oshkosh US$250m 5.375% senior notes due 2025 | Bond | US$250m |
| 13 Feb 2015 | Lockheed Martin US$2,250m senior notes (3 tranches) | Bond | US$2.25bn |
More from Saab
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 9 Sep 2025 | Saab SEK 2bn MTN issue (September 2025) | Bond | SEK 2bn |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| Nov 2023 | Saab SEK 1.25bn MTN issue due 2028 | Bond | SEK 1.25bn |
| 24 Sep 2021 | Saab SEK 6bn revolving credit facilities (2021) | Bank facility | SEK 6bn |
| 15 Jun 2021 | Saab SEK 100m tap of the FRN due 2027 (MTN 124) | Bond | SEK 100m |
M&A and investment involving Saab
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Saab SEK 6.0bn rights issue | Equity raise | SEK 6.01bn |
Sources
- Saab press release: Saab issues 5 year Floating Rate Note saab.com · 22 Jun 2015
About this record
Record DEF-2015-0017, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
