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: firstname.lastname@example.org