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

Editors Pick
Stocks have moved mostly lower in early trading on Monday after opening the session near the unchanged line. The major averages have slid firmly into negative territory, with the S&P 500 pulling back further off last Thursday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
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.