Dometic Group AB said it had issued €300 million on the European bond market. The issue is the first tranche in Dometic’s newly established EMTN (Euro Medium Term Note) program which will total €1.5 billion.

“The Eurobond issue is an important step in our effort to broaden the sources of Dometic’s financing. We expect to continue to utilize the Eurobond market going forward,” said Dometic chief financial officer Per-Arne Blomquist in a statement.

The bond was issued with a five-year maturity at a fixed rate of 3.00 percent.