Saab SEK 800m FRNs due 2021 and 2024
Repay short-term financing
Key terms
- Borrower or issuer
- Saab
- Date
- 30 Sep 2015
- Type
- Bond
- Amount
- SEK 800m (US$95m)
- Pricing
- Floating rate
- Maturity
- 2021-10-08 / 2024-10-08
Recorded terms
- Structure
- MSEK 400 six-year FRN due 8 October 2021 and MSEK 400 nine-year FRN due 8 October 2024; MTN programme raised from SEK 3bn to SEK 6bn
- Country
- Sweden
Parties
- Saab borrower or issuer
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|---|---|---|---|
| 29 Sep 2015 | Orbital ATK US$400m 5.50% senior notes due 2023 | Bond | US$400m |
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| 17 Nov 2015 | Lockheed Martin US$7,000m senior notes (6 tranches) | Bond | US$7bn |
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More from Saab
| Date | Financing | Type | Amount |
|---|---|---|---|
| 23 Sep 2026 | Saab €300m 4.25% EMTN bond due 2033 | Bond | €300m |
| 9 Sep 2025 | Saab SEK 2bn MTN issue (September 2025) | Bond | SEK 2bn |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| Nov 2023 | Saab SEK 1.25bn MTN issue due 2028 | Bond | SEK 1.25bn |
| 24 Sep 2021 | Saab SEK 6bn revolving credit facilities (2021) | Bank facility | SEK 6bn |
| 26 Mar 2020 | Saab SEK 4bn revolving credit facility (2020) | Bank facility | SEK 4bn |
M&A and investment involving Saab
| Date | Deal | Type | Value |
|---|---|---|---|
| Dec 2018 | Saab SEK 6.0bn rights issue | Equity raise | SEK 6.01bn |
Sources
- Saab press release: MTN programme increased and FRNs issued saab.com · 30 Sep 2015
About this record
Record DEF-2015-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
