November 24, 2017 - Assignment

SAS has successfully issued a SEK 1½ billion denominated senior unsecured bond

SAS has successfully issued a SEK 1,500,000,000 senior unsecured bond carrying an annual fixed coupon of 5.375 per cent due 2022. The net proceeds of the Issuer were used to finance existing financial indebtedness and for general corporate purposes. An application for a listing of the new bonds on Nasdaq Stockholm will be made.

SAS is Scandinavia's leading airline. The company offers more than 800 flights daily and annually more than 30 million passengers travel with SAS between nearly 120 destinations in Europe, the US and Asia. SAS is a member in Star Alliance™, a global network of 28 airlines, and has approximately 10,000 employees. In addition to airline operations, activities at SAS include ground handling services, technical maintenance and air cargo services. SAS's common shares are listed on Nasdaq Stockholm, Nasdaq Copenhagen and Oslo Børs.

Nordea Bank and Danske Bank acted as Global Coordinators whilst SEB and Swedbank acted as Joint Bookrunners for the transaction. Nordea also acted as Issuing Agent.

SAS was advised by Mannheimer Swartling.