February 28, 2024

AAK issues SEK 800 million bonds

With a business heritage of 150 years in food trade, AAK AB (publ.), renowned for its plant-based oils, has issued a senior unsecured bond for a total of SEK 800 million with a duration of 3 years. The bond carries a floating interest rate of 3 months STIBOR plus 165 basis points. The transaction generated strong investor demand.
 
The proceeds from the bond issue will be used to broaden AAK’s funding base and for general corporate purposes. AAK will apply for the new bond to be listed on Nasdaq Stockholm’s Corporate Bond List. Listed on Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has been making value-adding ingredients with the unique flexibility of our production assets, and a deep knowledge of many products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice and Personal Care. It has a strength of 4,000 employees serving through 25 regional sales offices, 15 dedicated Customer Innovation Centers, and more than 20 production facilities.

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