On 14 September 2022 Aktiebolaget SKF (publ) (”SKF”) successfully issued EUR 400 million senior unsecured green bonds carrying a fixed rate interest of 3.125 per cent. due 14 September 2028. The proceeds from the issue will be used in accordance with SKF’s Green Finance Framework. The bonds received significant demand from investors and was oversubscribed more than six times.
The bonds were admitted to trading on the Luxembourg Stock Exchange’s regulated market and will also be displayed on the Luxembourg Green Exchange.
SKF is a leading global supplier of solutions for rotating equipment that combines hands-on industry experience with a vast product portfolio and knowledge around bearings, seals, lubrication management, condition monitoring and maintenance services. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2021 were SEK 81,732 million and the number of employees was 42,602.
SKF was advised by Mannheimer Swartling in connection with the bond issue.