Metso Outotec has successfully issued its first bond under its EMTN (Euro Medium Term Note) programme. The EUR 300 million bond matures in May 2028 and pays a fixed coupon of 0.875%. The issue price was 99.167% and is equal to EUR-swaps + 135 basis points. There are no financial covenants attached.
The bond will be listed on the Luxembourg Stock Exchange and the proceeds will be used for refinancing of existing debt and general corporate purposes.
“We are pleased with the first bond transaction of Metso Outotec being successful as it shows confidence of a wide base of debt investors in our newly formed company. This transaction is well in line with our funding strategy, and the new bond helps us to extend our debt maturity profile”, says Group Treasurer Minna Helppi.
The bookrunners for the transaction were Commerzbank, Nordea, OP Corporate Bank, SEB and Standard Chartered Bank.
For further information, please contact:
Minna Helppi, SVP Group Treasurer, Metso Outotec Corporation, tel. +358 40 772 1024
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its pro forma sales for 2019 were about EUR 4.1 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec