Scandinavian Tobacco Group (STG), the parent company behind Cigars International, General Cigar Co., Forged Cigar Company, and several other well-known brands such as the non-Cuban Cohiba, CAO, Thompson Cigars, and Alec Bradley, has announced plans to issue €300 million ($332.5 million) in bonds next week.

On September 12, STG will list a five-year senior unsecured note with a principal value of €300 million. The bond, which will mature in September 2029, carries a 4.875 percent interest rate. It will be issued through Euronext Dublin, with Citigroup Global Markets Europe AG, Danske Bank A/S, Jyske Bank A/S, and Nordea Bank Abp acting as joint bookrunners. The company has indicated that the proceeds from this bond offering will be used for general corporate purposes, including refinancing some of its existing debt.

STG is publicly traded on the NASDAQ Copenhagen and boasts a significant portfolio of premium cigar brands. This includes major retail operations such as Cigars International, Cigar.com, Cigarbid.com, Thompson Cigar, PipesandCigars.com, and Cigora. In addition, it owns General Cigar Co. and Forged Cigar Co., which distribute popular brands like Cohiba, La Gloria Cubana, and Partagas in the U.S. STG also markets brands such as Agio, Alec Bradley, CAO, Macanudo, Room101, and Toraño in both U.S. and international markets.

Furthermore, the company has a strong presence in the machine-made cigar sector, particularly in Europe, and it sells pipe tobacco, roll-your-own tobacco, and tobacco-free nicotine products.

STG has been highly active in acquiring premium cigar brands, making eight acquisitions over the past six years. These include: Thompson Cigar (January 2018), Peterson Pipe Group (July 2018), Royal Agio Cigars (Balmoral) (January 2020), Moderno Opificio del Sigaro Italiano (November 2021), Room101 (June 2022), Alec Bradley (February 2023), XQS (April 2023) and most recently Mac Baren Tobacco Co. (July 2024).