Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ericsson Prices Debut US Corporate Bond - Quick Facts

RELATED NEWS
Trade ERIC now with 

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.

Click here to receive FREE breaking news email alerts for Ericsson and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points. Germany's investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday. The ZEW economic sentiment index fell to 6.9 in September from 8.6 in August. The index has been falling since last January and matched the score seen in December 2012. U.K. inflation slowed marginally as expected in August on falls in prices of motor fuels and food, data from the Office for National Statistics revealed Tuesday. Factory-gate prices declined for the second straight month indicating benign inflationary pressures in the pipeline. Consumer prices rose 1.5 percent year-on-year in August, slower than the 1.6 percent rise in July.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.