Sweden's SSAB set to sell €350m bond to yield 4%
SSAB, the Swedish producer of high strength steel, was ready to sell a €350m five year bond at a 4% yield on Thursday. The transaction was launched after investor meetings finished on Wednesday.
Active bookrunners Citi, Crédit Agricole and Nordea announced the deal as April 2019 notes at an expected size of €300m on Thursday morning.
Initial price thoughts were in the 4.125% area, before the deal was increased by €50m and the yield was set at 4%.The senior ...