AAK AB has established an MTN program (Medium Term Note) with a framework amount of SEK 4,000 million. The MTN program will allow AAK to issue bonds on the Swedish market and provides a complement to the Group’s existing funding structure.
On December 3, 2018, AAK AB issued a senior unsecured bond for a total of SEK 1.1 billion with a tenor of three years. The bond carries a floating interest rate of three months STIBOR plus 105 basis points. The transaction generated strong investor demand and was oversubscribed. Please find the press release here.
AAK has prepared a Base Prospectus, which has been approved and registered by the Swedish Financial Supervisory Authority.