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Arla Foods Successfully Sells New Bonds

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Arla Foods Successfully Sells New Bonds

Arla Foods Successfully Sells New Bonds
May 23
14:54 2014

In order to establish a broader financing platform and to refinance parts of its existing bank debt, Arla Foods has again given professional investors the opportunity to invest in the company through bonds with a nominal value of 1.5 billion Swedish kroner. The bonds will supplement other sources of financing, such as member retainment, mortgage backed financing, and bank loans.

The bonds will be listed on the Irish Stock Exchange and have a maturity of five years. The bonds were sold through Handelsbanken Capital Markets and Nordea Markets and are issued under Arla’s Euro Medium Term Note (EMTN ) programme, which allows for a more active use of bonds.

The bond issue will not affect Arla’s ownership structure and status as a 100 per cent farmer owned co-operative.

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