Sanoma's Initiative for Social Bond Issuance
Sanoma Corporation is making important strides towards improving its financial sustainability by exploring the option of issuing euro-denominated social bonds. With a total principal amount projected at EUR 150 million, these bonds are expected to mature within three years. This decision comes at a time when market conditions are particularly favorable for such initiatives.
Framework for Social Contributions
Recently, Sanoma unveiled a detailed Social Bond Framework that explains how the funds raised from these bonds will be allocated. This structured plan highlights the company's dedication to creating a positive social impact by supporting sustainable development projects.
Role of Joint Lead Managers
To assist with this initiative, Nordea Bank Abp and Swedbank AB (publ) have been appointed as joint lead managers. Their expertise will help Sanoma navigate the complexities of the financial markets as it aims to maximize the potential of this capital raise.
Sanoma’s Commitment to Sustainability
Sanoma's focus extends beyond just financial growth; it is driven by a mission that integrates environmental and social responsibilities. The company has implemented a Sustainability Strategy designed to enhance its societal contributions while reducing its ecological impact. By aligning with the UN Sustainable Development Goals and being a signatory of the UN Global Compact, Sanoma is establishing itself as a responsible corporate entity.
Educational Products and Services
In the education sector, Sanoma offers a wide range of both printed and digital learning materials. The company believes that every child possesses unique talents that deserve nurturing, and its products are tailored to help teachers effectively cultivate these abilities. By incorporating technology into education through digital platforms, Sanoma showcases its innovative approach to learning.
Media Ventures and Business Growth
In addition to its educational initiatives, Sanoma is active in the media sector, providing independent journalism and engaging entertainment. This cross-media strategy enables the company to reach diverse audiences while offering customized marketing solutions to its partners. Currently, Sanoma operates in twelve European countries and employs over 5,000 professionals.
Financial Performance
In its latest financial reports, Sanoma disclosed net sales of around €1.4 billion, with an operational EBIT margin, excluding purchase price allocation, standing at a strong 12.6%. These performance indicators reflect the organization's growth potential and strategic positioning within the European market.
Contact for More Information
If you have any questions regarding the social bonds or other company initiatives, please reach out to Kaisa Uurasmaa, the Head of Investor Relations and Sustainability, at +358 40 560 5601. Sanoma is committed to transparency and is eager to share its progress and initiatives with 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.
