Sanoma Considers Social Bond Issuance to Boost Impact
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Sanoma's Initiative for Social Bond Issuance
Sanoma Corporation is taking significant steps towards enhancing its financial sustainability by considering the issuance of euro-denominated social bonds. These bonds, anticipated to have a total principal amount of EUR 150 million, are expected to mature over three years. The company’s decision to pursue this financial pathway comes at a time when market conditions are favorable for such initiatives.
Framework for Social Contributions
Sanoma has established a comprehensive Social Bond Framework, published recently, that outlines how the funds raised through the issuance of these bonds will be utilized. This structured approach underscores the company's commitment to making a positive impact on society by supporting sustainable development projects.
Role of Joint Lead Managers
In this venture, Nordea Bank Abp and Swedbank AB (publ) have been appointed as joint lead managers to facilitate the issuance of the bonds. Their expertise will guide Sanoma through the complexities of the financial markets as it seeks to optimize the potential of this capital raise.
Sanoma’s Commitment to Sustainability
Sanoma is not just focused on financial growth; it's driven by a mission that intertwines with environmental and social commitments. The company has set forth a Sustainability Strategy aimed at maximizing its societal impact while minimizing its ecological footprint. By adhering to the UN Sustainable Development Goals and being a signatory of the UN Global Compact, Sanoma is positioning itself as a responsible corporate citizen.
Educational Products and Services
The company’s diverse offerings in the education sector include both printed and digital learning materials. Sanoma believes that every child has unique talents that need nurturing, and its suite of products is designed to ensure that teachers can effectively foster these talents. The integration of technology into education through digital platforms demonstrates Sanoma's forward-thinking approach to learning.
Media Ventures and Business Growth
Apart from its educational efforts, Sanoma also operates within the media landscape, delivering independent journalism and captivating entertainment. This cross-media strategy allows the company to reach wide audiences while providing tailored marketing solutions to its partners.Sanoma currently operates in twelve European countries and enjoys a workforce of over 5,000 professionals.
Financial Performance
In recent financial disclosures, Sanoma reported net sales of approximately €1.4 billion, with an operational EBIT margin excluding purchase price allocation reflecting a robust 12.6%. Such performance metrics highlight the organization’s capacity for growth and its strategic positioning in the European market.
Contact for More Information
For further inquiries regarding the social bonds or other company initiatives, feel free to reach out to Kaisa Uurasmaa, the Head of Investor Relations and Sustainability, at +358 40 560 5601. Sanoma values transparency and is eager to communicate its progress and efforts to stakeholders.
Frequently Asked Questions
What is the purpose of the social bonds Sanoma is considering?
The social bonds aim to raise funds that will be used to support projects aligned with Sanoma's Sustainability Strategy, enhancing positive impact on society.
Who are the joint lead managers for the bond issuance?
Nordea Bank Abp and Swedbank AB are appointed as joint lead managers to assist in the issuance of the bonds.
What does Sanoma aim to achieve with its Sustainability Strategy?
Sanoma's Sustainability Strategy seeks to maximize its positive contributions to society while minimizing its environmental footprint.
How does Sanoma support education through its offerings?
Sanoma provides a range of printed and digital learning materials to help educators effectively develop the talents of their students.
Where does Sanoma operate?
Sanoma operates in twelve European countries, employing over 5,000 professionals dedicated to its media and education missions.
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