Boliden issues a bond

Boliden AB (publ) has today issued a senior unsecured bond of SEK 500 million in the Swedish Capital Market. The Bond, due in April 2020, bears a floating interest rate of 3 M STIBOR + 1.90 percent.

“We view this bond as a complement to our existing financing and as a good way to diversify risks and loan durations,” says Mikael Staffas, CFO of Boliden.

Nordea together with Swedbank have acted lead managers of the issue. Boliden intends to list the bond on NASDAQ OMX Stockholm’s corporate bond list.

  
For further information, please contact:
Marcela Sylvander, Director Group Communications, + 46 (0)733 244 551
Sophie Arnius, Director Investor Relations, + 46 (0)8 610 1523

   
The information is such that Boliden AB (publ) is obliged to publish under the Swedish Securities Market Act. Submitted for publication at 4.30 p.m. CET, 2 April 2014.

   
Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global.
The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a total of approximately 4,800 employees and a turnover of SEK 34 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap.

www.boliden.com

More press releases & news

The abnormally high seismic activity in Garpenberg has decreased and mining production at low levels will commence in the second quarter. The first quarter throughput was just under 0.8 Mton instead of the expected slightly over 0.9 Mton at already communicated grades. All inspections are not yet complete but production in the most affected part of the mine is not expected to resume in 2026. Until further notice, Garpenberg's production is therefore estimated to be around 30 percent of the guided capacity of 3.7 Mton per year. For the first quarter of 2026, EBITDA will be negatively affected by approximately SEK -400 million at today's prices and terms.

The shareholders of Boliden AB (p

Boliden has decided to invest in a new hoist system at Garpenberg and an industrial demonstration plant for the production of supplementary cementitious material at Rönnskär. The investments, which amount to SEK 4 billion and SEK 1.5 billion respectively, will strengthen the earnings capacity of both units and lay the foundation for exploiting further future opportunities.