By Marisa Wong
Los Angeles, Feb. 24 – Electrolux AB announced it issued two bond loans on Thursday, raising an aggregate amount of SEK 2 billion to fund investments and other projects with environmental benefits.
The bond loans mature on Feb. 24, 2027, according to a press release.
One of the bond loans, in the amount of SEK 750 million, carries a fixed coupon of 1.705%. The other bond loan, in the amount of SEK 1.25 billion, has a floating interest rate.
The bonds are being issued under Electrolux’s euro medium-term note program and green bond framework.
Proceeds will be used for financing or refinancing eligible green assets as defined in the framework.
The bonds will be listed on the Luxembourg Stock Exchange.
The home appliance manufacturer is based in Stockholm.
| Issuer: | Electrolux
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| Amount: | SEK 2 billion
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| Issue: | Bond loans
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| Maturity: | Feb. 24, 2027
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| Coupon: | 1.705% for SEK 750 million, floating rate for SEK 1.25 billion
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| Issue date: | Feb. 24
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| Listing: | Luxembourg Stock Exchange
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