ELISA STOCK EXCHANGE RELEASE 15 FEBRUARY 2007 AT 6.55pm
ELISA TO ISSUE TWO BONDS
Today Elisa launched and priced a two-trance euro-bond issue. The total aggregate
amount of notes is EUR 350m. The three year Floating Rate Note is EUR 50m in size
and is issued at par, paying interest rate equivalent to the 3 months Euribor +
22 basis points. The amount of the seven year Fixed Rate Note is EUR 300m and the
reoffer interest rate is equivalent to 7 year Euro midswap rate + 55 basis
points. The coupon in the seven year note is 4.75%, giving an issue price
99.970%.
Both Notes received substantial investor interest in the market and the notes
were oversubscribed over seven times.
Proceeds received in the arrangement will be used for optimising the capital
structure, refinancing and general corporate use.
Mandated Lead Arrangers in the arrangement were Nordea Markets, Royal Bank of
Scotland (RBS) and UBS Investment Bank. Okobank and Sampo acted as Co-lead
managers.
ELISA
Vesa Sahivirta
Director, IR and Financial Communication
Further information:
Mr Jari Kinnunen, CFO,
tel. +358 50 324 3521
Mr Juha Kervinen, Group Treasurer,
tel. +358 50 555 3625
Distribution:
Helsinki Stock Exchange
Principal Media