Aspo issues a EUR 20 million hybrid bond
(Thomson Reuters ONE) -
Aspo Plc STOCK EXCHANGE RELEASE November 11, 2013 at 16.15
Not for release, publication or distribution, directly or indirectly, in or into
the United States, Canada, Australia, Hong Kong, South Africa, Singapore or
Japan or any other jurisdiction in which the distribution or release would be
unlawful.
The conglomerate Aspo issues a EUR 20 million hybrid bond, i.e. capital
securities. The coupon rate of the bond is 7.00% per annum. The bond has no
maturity but the company may exercise an early redemption option after three
years. The settlement date of the bond is November 18, 2013. The issue was aimed
primarily for domestic institutional investors and it was significantly
oversubscribed.
A hybrid bond is an instrument which is subordinated to the company's other debt
obligations and which is treated as equity in the IFRS financial statements. The
hybrid bond does not confer to its holders the rights of a shareholder and does
not dilute the holdings of the current shareholders.
Danske Bank acts as the sole lead manager. Attorneys at Law Borenius acts as the
legal advisor to Aspo.
ASPO Plc
Aki Ojanen
CEO
Further information:
Harri Seppälä, Group Treasurer, Aspo Plc, phone +358 9 5211 or +358 400 617 201
harri.seppala(at)aspo.com
DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.aspo.com
Aspo is a conglomerate that owns and develops business operations in the
Northern Europe and growth markets focusing on demanding B-to-B customers. Our
strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim
to be the market leaders in their sectors. They are responsible for their own
operations, customer relationships, and the development of these. Together they
generate Aspo's goodwill. Aspo's Group structure and business operations are
continually developed without any predefined schedules.
Disclaimer
This release is for informational purposes only and is not to be construed as an
offer to purchase or sell or a solicitation of an offer to purchase or sell with
respect to the hybrid bond. The distribution of this release and the related
material concerning the issuance of the hybrid bond are prohibited by law in
certain countries. The hybrid bond is not being offered to the public either
inside or outside of Finland. Persons resident outside of Finland may receive
this release and the related hybrid bond documentation only in compliance with
applicable exemptions or restrictions. Persons into whose possession this
release and the related hybrid bond documentation may come are required to
inform themselves about and comply with such restrictions. This release and the
related hybrid bond documentation may not be distributed or published in any
country or jurisdiction if to do so would constitute a violation of the relevant
laws of such jurisdiction or would require actions under the laws of a state or
jurisdiction other than Finland, including the USA, Canada, Australia, Hong
Kong, South Africa, Singapore and Japan. The information contained herein shall
not constitute an offer to sell or tender, or a solicitation of an offer to buy
or sell the Issuer's hybrid bond to any persons in any jurisdiction in which
such offer, solicitation or sale or tender would be unlawful. Aspo's
representatives assume no legal responsibility for such violations, regardless
of whether the parties contemplating investing in the Issuer's hybrid bond are
aware of these restrictions or not. Aspo's hybrid bond has not been and will not
be registered under the US Securities Act of 1933, nor under any securities
legislation of any state in the United States, and they may not be offered,
sold, resold delivered, distributed, bought or transferred in the United States
or to US citizens or on behalf of US citizens, except pursuant to an exemption
from the registration requirements of the Securities Act of 1933 and any
applicable state law legislation.
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: Aspo Oyj via Thomson Reuters ONE
[HUG#1742184]
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2013 - 15:15 Uhr
Sprache: Deutsch
News-ID 314965
Anzahl Zeichen: 4896
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Aspo issues a EUR 20 million hybrid bond"
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