SANDVIKEN, Sweden--(BUSINESS WIRE)--Sandvik (STO:SAND) has this week issued a Eurobond of EUR 350 million in a 12 year transaction maturing in June 2026 under its existing Euro Medium Term Note programme. The coupon of 3 percent is the lowest ever, achieved by a BBB Industrial borrower in 12-years.
This transaction further establishes Sandvik with the European fixed income investor base and builds on an already well diversified investor following.
The Joint Bookrunners mandated by Sandvik for this transaction were Barclays, Citi and Société Générale.
Stockholm, Sweden, 13 June 2014
Sandvik AB
Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2013 the Group had about 47,000 employees and representation in 130 countries, with annual sales of about 87,000 million SEK.
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