Swedish Match Launches EUR 300 mln Eurobond Issue.STOCKHOLM, Sweden -- The 7-year EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 300 million bond of Swedish Match AB (STO:SWMA SWMA Software Maintenance SWMA Solid Waste Management Act SWMA Sine-Weighted Moving Average SWMA Storm Water Management Authority, Inc. (Homewood, AL) SWMA Segmental Wall Motion Abnormality (cardiology) ) (publ), rated Baa1 (stable) from Moody's and A- (stable) from Standard & Poor's, is now priced and launched under the Company's EMTN EMTN Euro Medium-Term Note (Euro Medium Term Note) program. Due 28 June 2013, the bond pays a fixed coupon of 4.625% and has a reoffer price of 99.894 to give a spread of 60 basis points over the 7-year mid-swap. Joint Bookrunners for this transaction were ABN AMRO NV and SEB Merchant Banking. Swedish Match is a unique company with its range of market-leading brands in the product areas of snuff, cigars, pipe tobacco and chewing tobacco - tobacco's niche products - as well as matches and lighters. The Group's global operations generated sales of 13,295MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner for the twelve month period ending March 31, 2006. Swedish Match shares are listed on Stockholmsborsen (SWMA). This information was brought to you by Waymaker http://www.waymaker.net |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion