AAK has established a Swedish MTN Programme and issued a bond for a total of SEK 1.1 billion
AAK AB (publ) has established a Swedish SEK 4 billion Medium Term Note Programme. The programme enables AAK to issue bonds (medium term notes) denominated in EUR and SEK on the capital market.
AAK has issued a senior unsecured bond for a total of SEK 1.1 billion with a tenor of three years under the Medium Term Note Programme. The proceeds from the bond issue will be used to broaden AAK's funding base and for general corporate purposes. AAK will apply for the new bond to be listed on Nasdaq Stockholm's Corporate Bond List.
AAK is a leading provider of value-adding vegetable oils & fats. Listed on Nasdaq Stockholm and with headquarters in Malmö, Sweden, AAK has 20 different production facilities, sales offices in more than 25 countries and more than 3,400 employees. For the financial year 2017, AAK's net sales amounted to SEK 26.4 billion.
AAK was advised by Mannheimer Swartling in connection with the establishment of the Medium Term Note Programme.