2009-11-18
Issues hybrid bond
Etteplan issues EUR 10 million hybrid bond.
Etteplan Oyj has resolved to issue a EUR 10 million hybrid bond.The coupon rate of the bond is 9.50% per annum. The bond has no maturity but the company may call the bond after two years. The bond was sold to a limited number of investors.
The bond strengthens Group's capital structure and the arrangement provides prerequisites for expanding the business among others with company
acquisitions.
Hybrid bond is a bond which is subordinated to the company's other debt obligations and treated as equity in the IFRS financial statements. Hybrid
bonds do not confer to holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders.
Sofia Bank acted as the sole bookrunner and Etteplan's financial advisor in the arrangement.
Hollola, November 18, 2009
Etteplan Oyj
Group Communications
Additional information:
Matti Hyytiäinen, President & CEO, tel. +358 400 710 968
DISTRIBUTION:
Nasdaq OMX Helsinki
Major media
www.etteplan.com
Skriv ut sida