Sanoma Corporation issues inaugural bond - five-year EUR 400 million Eurobond
(Thomson Reuters ONE) -
Stock Exchange Release 13/03/2012 17:45
Sanoma Corporation has today issued a EUR 400 million five-year Senior Unsecured
Eurobond, under investment grade documentation without any financial covenants.
The bond pays a fixed coupon of 5.000% and has an issue price of 99.413,
equivalent to a yield of 5.136% or five-year Euro Mid-swaps + 362.5 basis
points.
"We are very pleased to have successfully issued our first ever corporate bond
with strong demand from both domestic as well as European investors. In
addition, this is the first non-rated corporate transaction in the Euro market
in close to a year," says Kim Ignatius, CFO, Sanoma.
The Lead Managers for the transaction were BNP Paribas, ING and Nordea Markets.
The bond will be listed on the Luxembourg Stock Exchange. The proceeds of the
offering will be used for extending the maturity profile of Sanoma's debt
structure and refinancing existing debt.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Martti Yrjö-Koskinen tel.
+358 105 19 5064 or ir(at)sanoma.com
Disclaimer
The information contained in this release shall not constitute an offer to sell
or the solicitation of an offer to buy securities of Sanoma Corporation in any
jurisdiction. In particular, this release does not constitute an offer to sell,
or a solicitation of offers to purchase or subscribe for, securities in the
United States. Any securities referred to herein have not been, and will not
be, registered under the Securities Act of 1933, as amended, and may not be
offered, exercised or sold in the United States absent registration or an
applicable exemption from registration requirements.
Sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring
information, experiences, education and entertainment to millions of people
every day. We make sure that quality content and interesting products and
services are easily available and meet the demands of our readers, viewers and
listeners. We offer a challenging and interesting working environment for nearly
15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR
2.7 billion.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sanoma Oyj via Thomson Reuters ONE
[HUG#1593688]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2012 - 16:46 Uhr
Sprache: Deutsch
News-ID 124431
Anzahl Zeichen: 3058
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Sanoma Corporation issues inaugural bond - five-year EUR 400 million Eurobond"
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