English

OUTOKUMPU TO ISSUE TWO DOMESTIC BONDS

Report this content 
OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE May 5, 2004 at 10.30 am


OUTOKUMPU TO ISSUE TWO DOMESTIC BONDS

The Board of Directors of Outokumpu Oyj has today decided to issue
two bonds (Outokumpu Oyj notes 1/2004 and 2/2004) having the
maximum nominal value of EUR 150 million each, limiting however
the aggregate maximum value of the bonds to EUR 200 million.
Outokumpu will use the proceeds from the bonds to repay its short-
term debt.

The bonds will be primarily directed to Finnish institutional
investors and the bonds will be issued on May 19, 2004. The
floating rate note 1/2004 will have a maturity of 3 years. The
fixed rate note 2/2004 will have a maturity of 7 years. Coupons
for the bonds will be defined later on and issue price for both
bonds is floating. The bonds will be repaid in their entirety at
maturity.

The subscription period for the bonds will commence on May 11,
2004 at 9.00 am (Finnish time) and it will end on May 13, 2004 at
1.00 pm (Finnish time) at the latest. Outokumpu will apply the
bonds to be listed on the Helsinki Exchanges. Nordea Bank Finland
Plc, OKO Osuuspankkien Keskuspankki Oyj (OKO Bank) and Sampo Bank
plc are acting as the joint bookrunners for the bonds.

In connection with the issue of the bonds, Outokumpu wishes to
complement its financial information as follows:

Outokumpu Oyj (external loans of the group as of 31.3.2004)

Total amount of  notes and bonds, EUR mill.
Secured notes and bonds                       0
                                          
Unsecured notes and bonds                   113
- notes and bonds                    111      
- debentures                           0      
- warrants                             0      
- convertible bonds 1)                 2      
                                              
Capital loans                                 0
Total                                       113
                                               
1) The loan has been repaid on April 7, 2004
                                               
Other types of loans, EUR mill.                
Secured loans                               149
Unsecured loans                           2 799
Total                                     2 948



For further information, please contact:

Renny Bång, Vice President - Finance, Outokumpu Oyj, tel. +358 9
421 3862

OUTOKUMPU OYJ
Corporate Management

Johanna Sintonen
Vice President - Investor Relations
tel. +358 9 421 2438, mobile +358 40 530 0778, fax +358 9 421 2125
e-mail: johanna.sintonen@outokumpu.com

Subscribe