AAK to renew and issue bonds for a total of SEK 1.5 billion

news update

AAK AB (publ.) reported that company has signed an agreement with Svensk Exportkredit (SEK) to renew an existing bond for SEK 500 million with expiration and renewal date during the month of August. This bond will have a duration of one year and carries a floating interest rate.

AAK has also issued two new bonds with Svensk Exportkredit for SEK 500 million each, with a duration of two and four years, respectively. These bonds carry a floating interest rate. AAK intends to sustainability-link these two bonds.

The proceeds from the bond issues will be used to broaden AAK’s funding base and for general corporate purposes.

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