Arla Foods issues bonds

Arla Foods has successfully priced an issuance of five-year Swedish krona bonds for a principal amount of 1 billion SEK (€108m) maturing on 31 May 2021 guaranteed by Arla Foods.  The notes will be issued under the company’s €750 million European Medium Term Note (EMTN) programme, which is listed on the Irish Stock Exchange. Danske Bank and Nordea are lead managers. The issue refinances elements of Arla’s existing bank debt.

Natalie Knight, CFO at Arla Foods, says, “This is the fourth time Arla issues bonds in the Swedish market since our inaugural issue in 2011. We have today issued a fixed rate bond with the lowest coupon ever. Arla seeks to have a well-diversified funding funding base and the Swedish bond market is an important part of our funding portfolio.”