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    SSAB A   SE0000171100

SSAB AB

(SSAB A)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 08/03 11:29:43 am
50.4 SEK   +1.45%
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SSAB : issues Sustainability-Linked bond amounting to SEK 2,000 million

06/09/2021 | 09:18am EDT

SSAB AB has successfully issued a five-year senior unsecured sustainability-linked bond in the amount of SEK 2,000 million under its EUR 2bn EMTN programme, dated 2 June 2021. The new bond is due in June 2026 and carries a coupon of 3m Stibor + 185bps. The transaction generated strong interest from investors and the issue was oversubscribed. The proceeds will be used for general corporate purposes.

Sustainability-linked bonds are bonds tied to the performance of defined sustainability targets. SSAB intends to become the First in fossil-free steel and has tied the bond to SSAB's newly launched environmental target for GHG emissions, which has been approved by the Science Based Targets initiative, stipulating a commitment to reduce SSAB's GHG emissions by 35% by 2032 along with key actions set out between 2021 and 2032.

DNB Markets and SEB acted as financial advisors for the bond issue and SEB acted as advisor for the sustainability-linked finance framework.

For further information, please contact:
Henrik Rodenström, Vice President and Head of Treasury, phone: +46 76 544 1014, henrik.rodenstrom@ssab.com
Peter Nordquist, Head of Funding and Markets Operations, phone: +46 72 561 5573,
peter.nordquist@ssab.com

SSAB is a Nordic and US-based steel company. 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 Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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https://news.cision.com/ssab/r/ssab-issues-sustainability-linked-bond-amounting-to-sek-2-000-million,c3364102

https://mb.cision.com/Main/980/3364102/1429880.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 91 781 M 10 669 M 10 669 M
Net income 2021 10 544 M 1 226 M 1 226 M
Net Debt 2021 1 949 M 227 M 227 M
P/E ratio 2021 4,96x
Yield 2021 6,64%
Capitalization 47 608 M 5 530 M 5 534 M
EV / Sales 2021 0,54x
EV / Sales 2022 0,52x
Nbr of Employees 14 043
Free-Float 81,2%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 50,40 SEK
Average target price 58,42 SEK
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
Erik Martin Lindqvist President, Chief Executive Officer & Director
Hňkan Victor Folin Chief Financial Officer & Executive Vice President
Bengt David Harry Kjell Chairman
Martin Pei Chief Technology Officer & Executive VP
Eva Petursson Executive Vice President-Research & Innovation
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