HKScan Corporation issues a EUR 90 million bond
HKScan Corporation, Press Release, 18 March 2021, 9.30 a.m. Finnish time
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE BOND OR THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS COMMUNICATION WOULD BE UNLAWFUL.
HKScan Corporation issues a EUR 90 million bond
HKScan Corporation (the "Company") issues a senior unsecured bond of EUR 90 million. The four-year bond matures on 24 March 2025, it carries a fixed annual interest at the rate of 5.000 per cent and has an issue price of 100 per cent.
The Company will submit an application for the admission to trading of the bond on the official list of Nasdaq Helsinki Ltd. The proceeds from the bond offering will partially be used for the partial repurchase of HKScan Corporation's existing EUR 135 million 2.625 per cent fixed-rate unsecured senior notes, the outstanding value of which is EUR 125.44 million, due 21 September 2022. The remainder of the proceeds received will be used for general corporate purposes.
Nordea Bank Abp and OP Corporate Bank plc act as coordinators for the issue of the bond and together with Danske Bank A/S and DNB Bank ASA, Sweden Branch as joint lead managers for the issue of the bond.
Tero Hemmilä, CEO, tel. +358 10 570 2012
Jyrki Paappa, CFO, tel. +358 10 570 2512
Heidi Hirvonen, SVP Communications, tel. +358 10 570 6072
Media contacts: HKScan Media Service Desk +358 (0)10 570 5700 or email: email@example.com
At HKScan, we make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our responsibly produced, delicious products are part of consumers’ varied food moments – both every day and on special occasions. We have some 7,000 HKScan professionals applying more than 100 years of experience to make locally produced food. For us at HKScan, responsibility means continuous improvements and concrete actions throughout the food chain. As part of our Zero Carbon programme, we are targeting a carbon-neutral food chain from farms to consumers by the end of 2040. Our home markets cover Finland, Sweden, the Baltics and Denmark. Our strong product brands include HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rakvere®, Tallegg® and Rose™. Through our strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi brands. HKScan is a publicly listed company, and in 2020, our net sales totalled nearly EUR 1.8 billion.
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