Elisa announces its debut Green Bond issuance and a tender offer for its Eurobond maturing 2024

ELISA INSIDE INFORMATION 18 SEPTEMBER 2023 AT 10:45 AM

NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, AUSTRALIA, CANADA, HONGKONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SINGAPORE OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. 

Elisa announces its debut Green Bond issuance under the company’s EUR 1.5 billion EMTN (Euro Medium Term Note) programme. The issue amount of the new Green Bond issue is expected to be EUR 300 million. The Joint Bookrunners for the proposed issuance are Danske Bank, Nordea, SEB and Svenska Handelsbanken.

Elisa has also today invited holders of its existing notes maturing in 2024 to sell their notes for cash. Elisa currently proposes to accept for purchase up to EUR 150 million in aggregate nominal amount, although Elisa reserves the right, in its sole discretion, to accept significantly less or more than such amount.

Whether Elisa will accept for purchase any notes validly tendered is subject to, without limitation, the issue of the new Green Bonds. The tender offer expires on 25 September 2023 at 4.00pm London time and is being made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated 18 September 2023. The dealer managers for the tender offer are Nordea and SEB.

Elisa will pay for Notes accepted by it for purchase pursuant to the Offer a price of 98.57 per cent. The expected settlement date of the Offer is 27 September 2023.

The proceeds from the Green Bond will be earmarked specifically for Eligible Projects and Assets as set out in Elisa’s Sustainability Finance Framework.

Further information: 

Mr Jari Kinnunen, CFO
tel. +358 50 324 3521

Mr Juha Kervinen, Group Treasurer
tel. +358 50 555 3625

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 50 520 5555

Distribution:

Nasdaq Helsinki
Principal Media
elisa.com