Metso Outotec issued its first bond of EUR 300 million with a 7.5 year maturity
Metso Outotec Corporation's press release on November 19, 2020 at 6:30 p.m. EETMetso Outotec has successfully issued its first bond under its EMTN (Euro Medium Term Note) programme. The EUR 300 million bond matures in May 2028 and pays a fixed coupon of 0.875%. The issue price was 99.167% and is equal to EUR-swaps + 135 basis points. There are no financial covenants attached. The bond will be listed on the Luxembourg Stock Exchange and the proceeds will be used for refinancing of existing debt and general corporate purposes. “We are pleased with the first bond transaction of Metso