November 8, 2017 - Assignment

Consilium issues SEK 200 million hybrid securities

On 25 October 2017, Consilium AB (publ) issued SEK 200 million perpetual hybrid securities carrying a floating rate coupon of 6.00 per cent over 3-month STIBOR. Under the terms and conditions of the hybrid securities, Consilium has the ability to issue subsequent securities up to a maximum of SEK 200 million.

The transaction was very well received, attracting a lot of interest among Nordic investors and the offer was greatly oversubscribed.

Consilium is one of the world's leading suppliers of safety and navigation products and solutions. Consilium is publicly listed on Nasdaq Stockholm, has 1000 employees and a turnover of SEK 1,700 million.

Nordea Bank AB (publ) acted as financial advisor to Consilium and sole bookrunner for the new issue.

Consilium was advised by Mannheimer Swartling.