AAK to Establish an MTN Program

AAK AB has the intention to establish an Medium Term Note (MTN) program with a framework amount of SEK4bn (EUR387m), which will allow the company to issue bonds on the Swedish market and provides a complement to the Group’s existing funding structure.

“Establishing an MTN program will be a natural step in our growth strategy”, says Fredrik Nilsson, CFO at AAK. “Through the program, we will diversify our existing sources of funding and get a flexible alternative.”

Handelsbanken has been appointed as arranger and will act as dealer under the program together with Nykredit. As legal advisor, AAK has appointed Mannheimer Swartling.

AAK is an expert in oils and fats and they offer tailor-made products and solutions.