The fixed rate tranche of SEK 500 million pays a fixed coupon of 4.375% and the floating rate tranche of SEK 1,000 million pays a floating coupon of three months STIBOR + 260 basis points. The issue was made under the Medium Term Note program, established on 13 March 2013 to create flexibility in the company’s debt portfolio. The program, with a limit of SEK 5,000 million, allows for the issuance of bonds in the Swedish market.

SEB and Handelsbanken Capital Markets were Joint Bookrunners on the transaction. The bonds will be listed on NASDAQ OMX Stockholm.