EUR 100 million bond issued by SRV more than two times subscribed
SRV GROUP PLC STOCK EXCHANGE RELEASE 16.3.2016, AT 16:45
EUR 100 million bond issued by SRV more than two times subscribed
SRV Group Plc (“SRV”) issues a senior unsecured bond of EUR 100 million. The five-year bond matures on 23 March 2021 and carries a fixed annual interest of 6.875 percent. The bond was more than two times subscribed. SRV will apply for the listing of the bond on Nasdaq Helsinki Ltd.
The proceeds from the bond offering will be used to secure SRV group’s financing needs for the increasing construction volumes, especially the developer-contracting projects that require equity and financing and for general corporate purposes.
Pohjola Bank plc and Danske Bank A/S acted as lead managers for the transaction and Dero Bank AG acted as a co-manager.
Further information:
Juha Pekka Ojala, President and CEO, tel. +358 (0)40 733 4173
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906
Päivi Kauhanen, SVP, Communications, tel. +358 (0)50 598 9560
www.srv.fi
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