STOCKHOLM, Sweden-With the view of diversifying the company’s debt profile, L.M. Ericsson said it has launched a bond exchange offer for its euro medium term notes.
The offer, which is limited to an exchange of up to about $600 million of the notes, is restricted to institutional investors who qualify as eligible participants.
“We want to capture this good market opportunity for a liability management transaction, which gives us a more optimal debt structure and flexibility,” says Vidar Mohammar, Ericsson’s corporate treasurer.
