IFLR1000

Vattenfall SKr6 billion notes issue

13/3/2015
Convertible and hybrid securities
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SKr 6 billion

$ 680 million

Completed

13/3/2015

Overview:

  • Vattenfall has issued hybrid bonds valued at SKr6 billion and €1 billion.
  • The proceeds would be used to refinance an existing hybrid bond of €1 billion which was issued in 2005, and for general corporate purposes.
  • The deal is the first ever corporate issue of hybrid bonds in Swedish kronor.
  • Barclays and BNP Paribas acted as joint structuring advisers and joint bookrunners, while Citi, Danske Bank, ING and SEB acted as joint bookrunners.
  • Vattenfall is a Swedish owned energy company with operations in Sweden, Germany, the Netherlands, Denmark, UK and Finland.
 Wai Yee Tsang - Journalist

Jurisdiction:

Sweden

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Debt

Industry sector:

Energy

Firm:
Vinge

Party: Vattenfall (Issuer)

Lawyer: Mikael Ståhl

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