Gernandt & Danielsson has advised ICA Gruppen AB (publ) (”ICA”) in connection with an issue of four series of bonds in a total amount of SEK 3.5 billion under ICA’s MTN programme with a total framework amount of SEK 15 billion. Proceeds from the issue will be applied towards refinancing maturing medium term notes of SEK 1.7 billion, as well as to amortise existing bank facilities.

Gernandt & Danielsson advised ICA with a team consisting of partners Mikael Borg and Mikael Bolling, senior associate Simon Wetterholm and associate Alexander Thörnberg.