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LUOYANG VICTOR PACIFIC BEARING CO.,LTD
Company Address:
Industry and Technology Zone of LuoYang city,HeNan Province,China
Zip/Postal Code: 471000
Telephone Number:
+86-379-6222 6263
Fax Number:
+86-379-6222 6263
Contact Person: Mr. William
Email: admin@tradebearings.com
SKF issues EUR 300 million bond; updates guidance for financial net
SKF’s new EUR 300 million bond closed today. The senior, unsecured bond matures on 17 September 2025 and carries a fixed coupon interest rate of 1.25%, an historically low rate for SKF.
The proceeds of the issue will be used for the refinancing of existing debt through the buy-back of parts of two outstanding bonds, maturing in 2019 and 2020, with coupon rates of 1.875% and 2.375%, respectively.
Financial net for Q3 2018 is now expected to be approximately SEK -250 million, compared to the Group’s previous guidance of SEK -200 million.
The new bond has been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock Exchange's regulated market.
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