SSAB’s SEK 2 Billion Sustainability-Linked Bonds Offering

White & Case LLP has advised SSAB on the deal.

Sweden-based global steel producer SSAB AB (SSAB) executed its issuance of SEK 2 billion floating rate sustainability-linked notes due 2026. 

DNB and SEB acted as joint lead managers. The bonds were issued under SSAB’s €2 billion Euro Medium Term Note Programme and include a redemption premium mechanic if the company’s sustainability performance targets are not met by 2025. 

SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on the NASDAQ Nordic Exchange in Stockholm and has a secondary listing on the NASDAQ in Helsinki.

The White & Case team in Stockholm which advised SSAB on the transaction was led by counsel Michael Bark-Jones (Picture) and included partner Magnus Wennerhorn and associate Josephine Martinsson.

Involved fees earner: Michael Bark-Jones – White & Case; Josephine Martinsson – White & Case; Magnus Wennerhorn – White & Case;

Law Firms: White & Case;

Clients: SSAB AB;

Author: Federica Tiefenthaler