Nov 23, 2012. /Lesprom Network/. Metsä Group’s parent company Metsäliitto Cooperative will issue a Euro 175 million bond to institutional investors. The bond matures on 29 November 2017, and it carries a fixed coupon interest rate of 5.125 per cent per annum, as the company said in the press release received by Lesprom Network. The bond was significantly oversubscribed. An application will be made to list the bond on the NASDAQ OMX Helsinki. The proceeds from the bond offering will be used to repay existing debt. Nordea Markets and Pohjola Markets acted as joint arrangers and bookrunners for the transaction. Metsä Group is a responsible forest industry group. Metsä Group produces high-quality products mainly from renewable Nordic wood. The Group’s business areas are tissue and cooking papers, board and paper, pulp, wood products as well as wood supply. Metsä Group’s sales totalled Euro 5.3 billion in 2011, and it employs approximately 12,500 people. The Group operates in some 30 countries.