STOCKHOLM, Sweden-L.M. Ericsson said it raised $517 million in total acceptances as it closed its bonds exchange offer.
The company said the new bond, which will pay a coupon of 6.75 percent, will mature Nov. 28, 2010.
“The bond exchange offer has significantly extended Ericsson’s debt maturity profile and has allowed Ericsson to take advantage of excellent credit and interest rate market conditions without raising additional cash,” said the company.
