Metso has obtained Euro 400 million of new long-term funding
Sep 28, 2012.
Sep 28, 2012. /Lesprom Network/. Metso Corporation issues an Euro 400 million 7-year Eurobond under the company’s EMTN (Euro Medium Term Note) program. The notes carry a fixed coupon of 2.75 percent. The issue was substantially oversubscribed with around Euro 1.5 billion of orders, and the bond was allocated to about 170 investors. An application will be made for a listing of the notes on the Luxembourg Stock Exchange, where the EMTN program is currently listed, as the company said in the press release received by Lesprom Network.
The new funding will extend Metso’s maturity profile and the funds will be used primarily for general corporate purposes. In addition to the new bond, Metso has issued private placements totaling Euro 100 million during 2012.
Citigroup, Danske Bank, Nordea Markets, and SEB acted as Joint Bookrunners for the transaction.