February 24, 2017 / 7:34 AM / in 8 months

BRIEF-Ericsson sells two 500 mln euro corporate bonds

Feb 24 (Reuters) - Telefonaktiebolaget LM Ericsson

* Says launches euro corporate bonds

* Says Ericsson issuing two bonds of eur 500m each, maturing in 2021 and 2024

* Says strong and widespread investor demand

* one Euro denominated 500 million 4-year bond with a fixed coupon rate of 0.875 pct and one Euro denominated 500 million 7-year bond with a fixed coupon rate of 1.875 pct

* Says bonds will extend Ericsson’s well diversified maturity profile and proceeds will be used to refinance debt maturing in 2017 and for general corporate purposes Source text for Eikon: Further company coverage: (Reporting By Simon Johnson)

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