Refrigeration wholesaler Beijer Ref has issued four bonds totaling SEK 2.5 billion under its MTN program. The issuance includes both two-year and four-year loans, featuring both fixed and floating interest rates. The bonds are set to be listed on Nasdaq Stockholm.
"The issuance was met with strong demand from institutional investors, reflecting confidence in our business model, financial position, and long-term strategy," said CFO Joel Davidsson.
Beijer Ref publ AB, formerly G & L Beijer AB, is a Sweden-based technology company active in the fields of refrigeration and air conditioning. The Company operates one business area, Beijer Ref, which carries out operations in over 20 countries in Europe, South Africa, Australia, New Zealand, India, Namibia, Botswana, Mozambique and Thailand. Its product portfolio also includes comfort cooling products and related operations, such as heat pumps, aside from the standard offering. The Company offers commercial refrigeration products, which are installed in supermarkets, restaurants and food retail outlets; comfort cooling products, which include a range of heating and cooling air conditioning products for commercial and domestic use, as well as products for the industrial refrigeration sector for large refrigerated distribution centers, such as ice rinks. The Company operates Real Cold and DX Por as subsidiaries.
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