Ericsson Includes Risks From Ban on Chinese 5G Products in Bond Prospectus

By Dominic Chopping

STOCKHOLM--Ericsson AB said Monday that it has updated the risk factors in the prospectus for its proposed 500 million euro ($609 million) unsecured 8-year bond issue to include geopolitical and trade uncertainty.

Ericsson has previously cautioned that the decision by Sweden's Post and Telecommunication Authority to exclude Chinese vendors' products from the 5G auction in Sweden may adversely impact the economic interests of Sweden and Swedish industry, including those of Ericsson.

This risk has now been included in Ericsson's euro medium-term note prospectus.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

05-24-21 0305ET