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Autoliv Inc. (NYSE:ALV) announced Wednesday that it has issued €300 million in notes due October 29, 2030, as part of its €3 billion guaranteed medium term note program. The notes carry a coupon rate of 3.000% per annum and were issued at 99.771% of their aggregate nominal amount.
The notes were offered to third parties in denominations of €100,000 and increments of €1,000 above that. Autoliv ASP, Inc. serves as guarantor for all payments due on the notes.
According to the company’s statement, an amount equivalent to the net proceeds from the offering will be allocated to new or existing eligible projects. These projects fall within the categories of clean transportation, renewable energy, energy efficiency, or decarbonization of operations and products.
Application has been made for the notes to be admitted to the official list of Euronext Dublin and to trading on the Global Exchange Market of Euronext Dublin.
The notes were issued pursuant to Regulation S under the United States Securities Act of 1933 and have not been registered under the Securities Act. They may not be offered or sold within the United States or to U.S. persons without registration or an applicable exemption.
This information is based on a press release statement included in a Form 8-K filing with the Securities and Exchange Commission.
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