06 sep Scandinavian Tobacco Group

Monte Debt Advisory has provided a 3rd party opinion to Scandinavian Tobacco Group A/S (STG) regarding the tender offer for STG’s outstanding EUR 300 million notes due on 24 September 2025, along with the issuance of new EUR 300 million notes.

Backed by STG’s Baa3 credit rating from Moody’s, the new issuance was highly successful, attracting an order book close to EUR 3 billion and pricing at a 4.875% coupon for a 5-year maturity. As part of the transaction, holders of the existing notes were invited to tender their holdings, with approximately 62% accepting the offer.

STG, a leading global manufacturer of cigars, pipe tobacco, and fine-cut tobacco, is listed on the NASDAQ Copenhagen stock exchange and operates in over 100 countries.

For more details, please refer to the company announcement on the new issue: Scandinavian Tobacco Group A/S issues EUR 300 million 4.875% notes due September 2029 and the tender – company-announcement-bv-no-5-2024.pdf