Outokumpu Oyj - Company Announcement

Outokumpu will issue EUR 250 million bond

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
June 9, 2016 at 6.30 pm EET



Not for release, publication or distribution, directly or indirectly, in or
into the United States, Australia, Canada, Hong Kong, Japan or Singapore, or
any other jurisdiction in which the distribution or release would be unlawful. 

Outokumpu will issue a EUR 250 million senior secured bond, targeted mainly to
institutional investors. The bond matures on June 16, 2021 and it carries a
fixed coupon interest rate of 7.25 percent per annum, payable semi-annually.
The bond is callable before its final maturity. 

The proceeds from the issuance of the bond will be used primarily for
prepayment of financial indebtedness. 

Says Outokumpu CEO Roeland Baan: “This was an important step in extending our
maturity profile while also addressing the 2017 debt maturities. Due to the
strong demand, the issue was significantly oversubscribed, which is a clear
indication of investors' confidence and their belief in our new strategy.
Outokumpu’s priority will continue to be improving financial performance and
further deleveraging of the company.” 

An application will be made to list the bond on the official list of Nasdaq
Helsinki Ltd. Danske Bank A/S and Nordea Bank Finland Plc act as coordinators
and lead managers for the bond issue. The other lead managers are OP Corporate
Bank plc, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB
(publ) and Swedbank AB (publ). 

For more information:

Tommi Järvenpää, tel. +358 9 421 3466, mobile +358 40 576 0288

Outokumpu Group




Outokumpu is a global leader in stainless steel. We create advanced materials
that are efficient, long lasting and recyclable – thus building a world that
lasts forever. Stainless steel, invented a century ago, is an ideal material to
create lasting solutions in demanding applications from cutlery to bridges,
energy and medical equipment: it is 100% recyclable, corrosion-resistant,
maintenance-free, durable and hygienic. Outokumpu employs 11,000 professionals
in more than 30 countries, with headquarters in Espoo, Finland and shares
listed in Nasdaq Helsinki. 
www.outokumpu.com      outokumpu.com/stainless-news     
choosestainless.outokumpu.com 



Disclaimer

Information contained in this release may not be released, published or
distributed, directly or indirectly, in the United States, Australia, Canada,
Hong Kong, Japan or Singapore or such other countries or otherwise in such
circumstances in which the offering of the bond would be unlawful or require
measures other than those required under the laws of Finland. This release does
not constitute an offer of, or an invitation to purchase, any securities in any
jurisdiction. No offer will be made to persons whose participation in the
offering requires any additional prospectus or registration. 

The bond has not been and will not be registered under the U.S. Securities Act
of 1933, as amended, or by any state official in the United States. The bond
may not be offered or sold or otherwise directly or indirectly distributed into
the United States or to any U.S. person (as such terms are defined in
Regulation S under the Securities Act) or for the account or benefit of any of
them. In addition, until 40 days after the commencement of the offering of the
Bond, an offer or sale of the Bond within the United States by a dealer
(whether or not participating in the offering) may violate the registration
requirements of the Securities Act. 

Outokumpu has not authorized the offering of the bond to the public in any
member state of the European Economic Area (the “EEA”). All offers of the bond
in the EEA will be made pursuant to an exemption from the Prospectus Directive
(Directive 2003/71/EC as amended, including by Directive 2010/73/EU), as
implemented in the member states of the EEA (each, a "Relevant Member State"),
from the requirement to produce a prospectus under the Prospectus Directive for
offers of securities. The offer is only addressed to and directed at persons in
Relevant Member States who are “qualified investors” within the meaning of
Article 2(1)(e) of the Prospectus Directive and the minimum size of the
investment is EUR 100,000. The expression an “offer to the public” in relation
to any securities in any Relevant Member State means the communication in any
form and by any means of sufficient information on the terms of the offer and
any securities to be offered so as to enable an investor to decide to purchase
any securities, as the same may be varied in that Relevant Member State by any
measure implementing the Prospectus Directive in that Relevant Member State. 

The financial institutions defined herein are acting exclusively for Outokumpu
as lead managers of the offering and will not be responsible to anyone other
than Outokumpu for providing the protections afforded to its clients nor giving
investment or other advice in relation to the bond or any other transaction or
any other matter mentioned herein. 

The information provided herein is addressed to and directed only at persons in
the United Kingdom in circumstances where section 21(1) of the Financial
Services and Markets Act 2000 as amended, does not apply and is solely directed
at persons in the United Kingdom who (a) have professional experience in
matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or
(b) persons falling within Article 49(2)(a) to (d) of the Order, or other
persons to whom it may be lawfully communicated (all such persons together
being referred to as “relevant persons”). This release is directed only at
relevant persons and any person who is not a relevant person must not act or
rely on this document or any of its contents.

Attachments:

Bond 9.6.2016 ENG.pdf