Stockmann to issue a EUR 150 million bond
Helsinki, Finland, 2012-11-12 17:30 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Company Announcement 12.11.2012 at 18:30 EET
Stockmann plc issues a corporate bond of EUR 150 million. The bond matures on 19 March 2018 and carries a fixed coupon interest rate of 3.375 per cent per annum.
The bond was clearly oversubscribed and it was allocated to 54 investors. Application will be made to have the bond listed on NASDAQ OMX Helsinki.
The proceeds of the offering will be used for general corporate purposes. Danske Bank, Pohjola Markets and Swedbank acted as joint bookrunners for the transaction. Castrén & Snellman Attorneys Ltd acts as the legal advisor in the transaction.
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351