June 26, 2019 - Assignment

Alfa Laval has successfully issued EUR 300 million senior unsecured bonds

On 19 June 2019, Alfa Laval AB (publ) announced that the company, based on an updated EMTN program and through its wholly owned subsidiary Alfa Laval Treasury International AB (publ), has sucessfully issued EUR 300 million, senior unsecured fixed rate notes with maturity in June 2024. The notes are guaranteed by Alfa Laval AB and carry a coupon of 0.250 percent annually. The proceeds will be used to refinance a EUR 300 million bond maturing in September 2019. The notes will be listed on the Irish Stock Exchange.

Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company's equipment, systems and services help customers heat, cool, separate and transport products. Alfa Laval has about 17,200 employees and its worldwide organization works closely with customers in nearly 100 countries. Alfa Laval is listed on Nasdaq Stockholm and posted annual sales of about SEK 40.7 billion in 2018.

BNP Paribas, HSBC Bank PLC, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) acted as Joint Lead Managers in connection of the EMTN program update and the bonds issue. Alfa Laval was advised by Mannheimer Swartling.