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SCA Hygiene AB raises EUR 2 billion in the bond market

2017-03-15

SCA Hygiene AB has today, under its Euro Medium Term Note (EMTN) program, raised EUR 2 billion at an average interest rate of 0.98%. The bonds have been issued in four tranches as seen below:

Tenor Amount  Re-offer yield  Margin over mid-swaps
20 months EUR 300m -0.01% per year +13 basis points
5 years EUR 600m 0.71% per year +45 basis points
7 years EUR 600m 1.16% per year +65 basis points
10 years EUR 500m 1.68% per year +83 basis points

The bond issue was oversubscribed and the bonds were placed with 150 international investors.

The bond will be listed on the Luxembourg Stock Exchange. The purpose of the transaction is to finance the acquisition of BSN medical which is expected to be closed during the second quarter 2017.

BNP Paribas, Citi, Credit Agricole, Deutsche Bank and NatWest Markets acted as joint active bookrunners for the transaction.

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