SAS AB (publ) (the “Company” or “SAS”) has successfully issued SEK denominated subordinated capital securities with perpetual tenor and which will be treated as equity in SAS’ accounting in the total amount of SEK 1,500 million. The capital securities have a floating interest rate of STIBOR three months plus 825 bps and have a first call date on 23 October 2024.
SAS intends to apply for listing of the capital securities on the corporate bond list of Nasdaq Stockholm.
SAS will use the net proceeds from the issue of capital securities for its general corporate purposes, including refinancing of financial indebtedness and funding of aircraft acquisitions.
Danske Bank, Nordea, SEB and Swedbank acted as Joint Lead Managers and Joint Bookrunners for the transaction.