Sponda Plc Stock Exchange Release 2 October 2013, 3:20 pm
Sponda Plc issues EUR 150 million bond
Sponda Plc issues a EUR 150 million senior unsecured bond. The five-year bond matures on 9 October 2018 and carries fixed annual coupon at the rate of 3.375 per cent.
The bond was allocated to 64 investors and the bond offering was significantly oversubscribed. Application will be made to have the bond listed on the NASDAQ OMX Helsinki.
The proceeds from the bond offering will be used to repay existing debt and for general corporate purposes.
Danske Bank and SEB acted as joint lead managers and bookrunners for the transaction.
Helsinki, 2 October 2013
Sponda Plc
Additional Information: Kari Inkinen, President and CEO, tel. +358 400-402 653, Erik Hjelt, CFO tel. +358 400-472 313 Pia Arrhenius, SVP, Corporate Communications and IR, tel. +358 40-527 4462
Distribution: NASDAQ OMX Helsinki Media www.sponda.fi
Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.3 billion and the leasable area is around 1.5 million m².