Ericsson, the NASDAQ listed equipments manufacturer, has placed a US dollar denominated 1 billion 10-year bond with a fixed coupon rate of 4,125%.
The transaction marks Ericsson’s entry to the US bond market, the company said, adding it was taking…
Ericsson, the NASDAQ listed equipments manufacturer, has placed a US dollar denominated 1 billion 10-year bond with a fixed coupon rate of 4,125%.
The transaction marks Ericsson’s entry to the US bond market, the company said, adding it was taking advantage of strong current corporate credit market conditions.
The bond will extend Ericsson’s average debt maturity profile and further diversify Ericsson’s funding sources, Ericsson said. The proceeds will be used to refinance debt maturing in 2012-2014 and for general corporate purposes.
The offer was made pursuant to the Company’s shelf registration statement filed with the US SEC, and a prospectus supplement thereto.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted as mandated joint lead managers for the transaction.
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