SAS Group issues SEK 1 billion bonds
SAS Group has raised SEK 1 billion through issuance of senior unsecured bonds. The transaction settled today. The bonds mature on May 14, 2012, and SAS has the option to extend the maturity date of the bonds for an additional period of twelve months. The financing is part of the general refinancing of the Group’s debts.
The notes were placed primarily with Nordic and other European institutional investors. Investors executed commitment letters to subscribe for the notes on March 26, 2010, subject to, among other conditions, the completion of the rights issue by SAS. SAS announced the final results of the rights issue on May 5, 2010, which was oversubscribed by 50%.
SEB acted as sole Bookrunner and Co-ordinator of the transaction. SEB and Pareto Securities acted as Joint Lead Managers.For further information, please contact
Sture Stølen, Head of SAS Group Investor Relations, +46 70 997 14 51
SAS Group Investor RelationsSAS discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided for publication on 14 May 2010, at 8.30 a.m. CET.
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These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the securities does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.
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