SAS issues MSEK 1,500 unsecured bond

The SAS Group’s parent company, SAS AB, issues an unsecured senior bond on the Nordic capital markets. The bond amounts to MSEK 1,500, pays a fixed coupon of 9.00% and has a tenor of approximately 4 years with a final maturity in November 2017.

The bond was significantly over subscribed. SAS intends to list the bond at NASDAQ OMX Stockholm.

“We are pleased with having placed SEK 1.5 billion in a bond. This is a further confirmation of the markets increased trust in SAS and our restructuring program 4Excellence Next Generation, that we are implementing at the moment. The bond will be used to refinance outstanding bonds,” says Göran Jansson, Deputy President and CFO for the SAS Group.

Nordea Bank and Danske Bank acted as joint bookrunners for the transaction.

For further information, please contact:
SAS Press office, +46 8 797 2944