Swedish Match and UPM Kymmene, profiled below, typify a new breed of Nordic corporate issuer. Both were in the markets with Eurobond deals in the second half of September.
Swedish Match
In mid-September Swedish Match and its lead manager, ABN Amro, roadshowed a €250 million ($265 million) to €300 million seven-year issue in the Netherlands, France, Germany and the UK.
In its presentation to investors, the company said that it was looking to refinance existing debt to increase the liability maturity from its prevailing average of three years and to prepare itself should further acquisitions present themselves.
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