By Abigail W. Adams
Portland, Me., June 4 – SAS AB priced a MSEK 750 tap of its senior bonds due Nov. 24, 2022 at a reoffer price of 102.5 to yield 4.73%, according to a company news release.
Danske Bank, Nordea Bank, SEB and Swedbank were joint bookrunners for the offering.
The add-on increased the outstanding amount of the 2022 bonds to SEK 2.25 billion.
“We are pleased with the interest from investors despite the general market turmoil,” SAS Group Treasurer Jan Torberger said in the press release.
The bonds are listed for trade on the Nasdaq Stockholm.
Proceeds will be used for aircraft investments, upcoming debt maturities and general corporate purposes.
SAS AB is a Stockholm, Sweden-based holding company for Scandinavian Airlines.
| Issuer: | SAS AB
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| Amount: | SEK 750 million
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| Maturity: | Nov. 24, 2022
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| Securities: | Senior bonds
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| Bookrunners: | Danske Bank, Nordea Bank, SEB and Swedbank
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| Price: | 102.5
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| Yield: | 4.73%
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| Trade date: | June 4
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