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Ericsson begins $600M bond offer

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.

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“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.

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