Elisa issues a EUR 300 million seven-year Eurobond and announces a tender offer for its Eurobond maturing 2019

ELISA OYJ STOCK EXCHANGE RELEASE 7 MARCH 2017 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 is issuing a seven-year Eurobond under its EUR 1 billion EMTN (Euro Medium Term Note) programme. The size of the new seven-year bond issue is expected to be EUR 300 million. 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).

Nordea Bank Ab (Publ), (the “Offeror”), under agreement with Elisa, has today invited holders of Elisa’s existing notes maturing in 2019 to offer to sell their notes for cash. The Offeror currently proposes to accept for purchase up to EUR 100 million in aggregate nominal amount of the notes at a purchase price equal to the yield of -15 basis points. Whether the Offeror will accept for purchase any notes validly tendered is subject to, without limitation the issue of the new Elisa seven-year bond. The tender offer expires on 14 March 2017 at 6 pm (EET), and is being made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated 7 March 2017. The dealer managers for the tender offer are Deutsche Bank AG, London Branch and Nordea Bank Ab (Publ).

The proceeds from the issue of the new seven-year bond will be used for general corporate purposes, including financing tender offer of the bond maturing 2019.

ELISA CORPORATION

Vesa Sahivirta
IR Director
tel. +358 50 520 5555

Further information: 

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

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

Distribution:

Nasdaq Helsinki                
Principal media                  
www.elisa.com