Sweden's SSAB to price €300 million five-year notes in drive-by; initial talk is 4 1/8% area

By Paul A. Harris

Portland, Ore., April 3 - Stockholm-based steel producer SSAB AB initially guided its €300 million offering of five-year senior notes (/BB/) in the 4 1/8% area, a market source said.

The deal is expected to price Thursday.

Active bookrunner Credit Agricole CIB will bill and deliver. Citigroup and Nordea are also active bookrunners. SEB and SHB are passive bookrunners.

Proceeds will be used to refinance debt and for general corporate purposes.

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