logo
Share SHARE
FONT-SIZE Plus   Neg

Ericsson Prices Debut US Corporate Bond - Quick Facts

Ericsson (ERIC: Quote) has placed a US dollar denominated 1 billion 10-year bond with a fixed coupon rate of 4,125%. The company said this bond would extend its average debt maturity profile and further diversify Ericsson's funding sources. The proceeds would be used to refinance debt maturing in 2012 - 2014 and for general corporate purposes.

The offer was made as per the company's shelf registration statement filed with the U.S. Securities and Exchange Commission, and a prospectus supplement thereto. The mandated joint lead managers for the transaction are Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC. Ericsson's Euro Medium Term Note Program would remain in place.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Video-game retailer GameStop Corp. said Thursday after the markets closed that its fourth quarter profit rose 11% from last year, as better cost control helped offset a 5.6% decrease in sales. However, the company's quarterly earnings per share, excluding item, came in below analysts' expectations as did its quarterly sales. The Villages, a serene retirement hometown in Florida has been designated as the fastest-growing metro in the U.S. for the second consecutive year, as per Census estimates released on Thursday. A federal government agency has outlined proposals to regulate payday loans as part of efforts to curb debt traps and provide reprieve to cash-strapped borrowers, while ensuring credit supply is not hampered.
comments powered by Disqus
RELATED NEWS
Trade ERIC now with 
Follow RTT