April 10, 2014 - Assignment

Boliden AB (publ) issues inaugural senior unsecured bond on Swedish debt capital market

On 9 April 2014, Boliden AB settled a 6 year SEK 500 million senior unsecured bond carrying a floating rate coupon of 1.90 per cent. over 3 month STIBOR on to the Swedish debt capital market.

The proceeds of the issue will be on-lent to its wholly-owned subsidiary, Boliden Mineral AB (publ), to be used for on-going general corporate and working capital purposes. In return, Boliden Mineral AB has guaranteed the issue. An application for listing the bonds on NASDAQ OMX Stockholm’s corporate bond list will be made.

Boliden AB is a metals company with a commitment to sustainable development. Its roots are Nordic, but its business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a turnover of SEK 34 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap.

Nordea and Swedbank were jointly mandated as lead managers of the issue.

Boliden AB and Boliden Mineral AB were advised by Mannheimer Swartling. Daniel Karlsson led the firm’s team consisting of David Tayler, Viktor Nykvist and Therese Hofman.