SAS Issues Unsecured Senior Bond

The SAS Group's parent company, SAS, has issued an unsecured senior bond on the Nordic capital markets. According to the company, the bond amounts to MSEK 1,500, pays a fixed coupon of 9.00 per cent and has a tenor of approximately four years with a final maturity in November 2017. SAS intends to list the bond at NASDAQ OMX Stockholm. The bond will be used to refinance outstanding bonds. Nordea Bank and Danske Bank acted as joint bookrunners for the transaction.

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