Talvivaara Mining Company Plc issues EUR 110 million bond
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
28 March 2012
Talvivaara issues EUR 110 million bond
Talvivaara Mining Company Plc issues a EUR 110 million senior unsecured bond,
guaranteed by Talvivaara Sotkamo Ltd. The 5-year bond has an issue price of
100%, pays a coupon of 9.75% and is callable after 3 years. The notes are issued
in principal amounts of EUR 1,000 with a minimum subscription amount of EUR
50,000. The bond issue was sold to both Finnish and international institutional
and private investors. An application will be made to have the notes listed on
NASDAQ OMX Helsinki.
The proceeds of the offering will be used for refinancing and general corporate
purposes. Danske Markets and Nordea Markets acted as joint bookrunners for the
transaction.
ENQUIRIES
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Saila Miettinen-Lähde, Chief Financial Officer
Juho Rönni, Manager, Finance
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250
index. Further information can be found at www.talvivaara.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 Talvivaara Mining Company
Plc 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.
Talvivaara issues EUR 110 million bond:
http://hugin.info/136227/R/1597979/503733.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1597979]
Unternehmensinformation / Kurzprofil:
Datum: 28.03.2012 - 15:27 Uhr
Sprache: Deutsch
News-ID 129467
Anzahl Zeichen: 3538
contact information:
Town:
Espoo
Kategorie:
Business News
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