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Sandvik FRN 25Sandvik FRN 25Sandvik FRN 25

Sandvik FRN 25

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Key terms


Outstanding amount
‪1.00 B‬SEK
Face value
1,000,000.00SEK
Minimum denomination
2,000,000.00SEK
Coupon
3.79% (Variable)
Coupon frequency
Quarterly
Yield to maturity
3.70%
Maturity date
Feb 18, 2025
Term to maturity
4 months

About Sandvik FRN 25


Issuer
Sandvik Aktiebolag
Sector
Producer Manufacturing
Industry
Trucks/Construction/Farm Machinery
Home page
sandvik.com
Issue date
Feb 18, 2022
ISIN
XS2446268588
FIGI
BBG015B4LZ69
Sandvik AB engages in the development, manufacture, and sale of tools, equipment, and tooling systems for the mining and construction industries. It operates through Sandvik Machining Solutions and Sandvik Manufacturing Solutions segments. The Sandvik Machining Solutions segment offers tools, tooling systems, software, and services that optimize machining operations such as turning, milling and drilling as well as tool management solutions. The Sandvik Manufacturing Solutions segment refers to digital manufacturing and software solutions for design and planning automation and industrial metrology. The company was founded by Göran Fredrik Göransson in 1862 and is headquartered in Stockholm, Sweden.

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