Ericsson successfully launches Euro corporate bonds

• Ericsson issuing two bonds of EUR 500m each, maturing in 2021 and 2024
• Strong and widespread investor demand

The bonds extend Ericsson's well diversified debt maturity profile

Following a well-attended road show, Ericsson (NASDAQ:ERIC) has successfully placed one Euro denominated 500 million 4-year bond with a fixed coupon rate of 0.875% and one Euro denominated 500 million 7-year bond with a fixed coupon rate of 1.875%. The bonds were issued under Ericsson's Euro Medium Term Note Program (EMTN).

With this transaction, Ericsson extends its entry to the Eurobond market, one of the world's largest corporate bond markets, and takes advantage of strong current corporate credit market conditions.

The bonds will extend Ericsson's well diversified maturity profile and the proceeds will be used to refinance debt maturing in 2017 and for general corporate purposes.

Carl Mellander, acting CFO says: "This reconfirms market confidence in Ericsson and supports our strong balance sheet and financial flexibility."

Joint bookrunners were Citi, Credit Agricole CIB and SEB and co-managers were Nordea, Standard Chartered and Swedbank.

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.