Elisa issued a EUR 300 million Eurobond
ELISA STOCK EXCHANGE RELEASE 8 MARCH 2017 AT 4:30 PM
Elisa has today issued and priced new Eurobond maturing in 2024 that was announced 7 March 2017. The bond is issued under Elisa’s EUR 1 billion EMTN (Euro Medium Term Note) programme.
The amount of the new bond is EUR 300 million and its reoffer interest rate is equivalent to 7 year Euro midswap rate 0.444% + 53 basis points. The Interest coupon is 0.875% and issue price is 99.333%.
The Mandated Lead Managers for the bond issue are Deutsche Bank AG, London Branch, Nordea Bank Ab (Publ), OP Corporate Bank and Skandinaviska Enskilda Banken AB (Publ).
“Elisa's long-term and determined strategy execution and profitability improvement can also be seen in the price of long-term funding. With the transaction we were able to utilise the positive momentum in the debt market to lengthen the average maturity,” says Elisa's CFO Jari Kinnunen.
tel. +358 50 520 5555
Mr Jari Kinnunen, CFO
tel. +358 50 324 3521
Mr Juha Kervinen, Group Treasurer
tel. +358 50 555 3625