Sanoma Introduces EUR 150 Million Social Bond Announcement

Sanoma Corporation's Social Bond Initiative

Sanoma Corporation has made a significant announcement regarding its financial strategy aimed at supporting sustainability initiatives and enhancing educational resources. The company has decided to issue senior unsecured social notes worth EUR 150 million. This initiative, which was disclosed recently, underlines Sanoma's commitment to sustainability while also allowing for greater investment in crucial social projects.

Details of the Social Bond

The newly issued notes will carry a fixed annual interest rate of 4.000 percent and are set to mature in three years, specifically on the 13th of September, 2027. They were issued at an attractive price of 99.872 percent, which reflects a strong demand for sustainable investments. The approval of this bond’s listing prospectus was granted by the Finnish Financial Supervisory Authority, marking a significant milestone in the bonds’ journey to the market.

Trading and Listing

Sanoma is excited to report that they have submitted an application to list these social bonds on the sustainable bonds' list maintained by Nasdaq Helsinki Ltd. It is anticipated that trading will commence around the 19th of September. Investors will soon be able to trade the notes under the designated trading code SANOJ400027, providing more opportunities for engagement with the company.

Role of Joint Lead Managers

Nordea Bank Abp and Swedbank AB (publ) have been appointed as joint lead managers for this bond issue, highlighting their integral role in driving this sustainable initiative. Their expertise in managing sustainable financial products is expected to bolster the success of this bond offering and align it with global sustainability efforts.

Sanoma's Commitment to Sustainability

Sanoma is not just focused on financial growth; their commitment to shaping positive social impact is evident in their Sustainability Strategy. This strategy emphasizes maximizing their positive contributions—dubbed ‘brainprint’—while mitigating environmental impacts. Sanoma actively supports the UN Sustainable Development Goals, which highlight their dedication to progressive societal change.

Educational Innovations

One of the key areas where Sanoma aims to make a difference is in education. Their extensive portfolio of learning products and services is aimed at fostering the potential of each child across different educational sectors. With both printed and digital materials available, as well as digital platforms, they are well-positioned to support teachers in their efforts to educate the next generation.

Expanding Presence Across Europe

Currently, Sanoma's reach extends across twelve European countries, with a workforce comprising more than 5,000 dedicated professionals. This diverse footprint not only amplifies their influence in the media and education sectors but also reinforces their commitment to sustainable practices. In recent fiscal measures, Sanoma reported net sales amounting to approximately 1.4 billion euros, along with a solid operational EBIT margin, underscoring financial performance alongside their sustainability pursuits.

The future of Sanoma looks bright as they continue to integrate sustainability within their core business strategies, thus paving the way for a more responsible operational framework.

Frequently Asked Questions

What is the purpose of the EUR 150 million social bond issued by Sanoma?

The bond aims to fund sustainable initiatives while enhancing educational resources, representing a significant step towards responsible investment.

When is trading expected to start for the social notes?

Trading on the social notes is expected to commence around the 19th of September.

Which banks are managing the bond issuance?

Nordea Bank Abp and Swedbank AB (publ) are the joint lead managers for the issuance.

What areas does Sanoma focus on with their Sustainability Strategy?

Sanoma’s strategy focuses on maximizing positive social impacts, minimizing environmental impacts, and promoting educational innovations.

How many countries does Sanoma operate in?

Sanoma operates in twelve European countries, emphasizing their strong market presence and commitment to the media and education sectors.

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