Picture: SSAB

SSAB AB has successfully issued two five-year senior unsecured sustainability-linked bonds of the combined amount of SEK 2,100 million under its EUR 2bn EMTN programme, dated 12 May 2023. The new bonds are due in June 2028 and carry a coupon of 3m Stibor +170 bps for the floating rate notes (SEK 600mn) respectively 4.875% for the fixed rate notes (SEK 1.500mn). The transactions generated strong interest from investors and the issue was well oversubscribed. The proceeds will be used for general corporate purposes.

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