|
|||
2009-09-18 11:23:43 CEST 2009-09-18 11:24:33 CEST REGULATED INFORMATION Finnair Oyj - Company AnnouncementFINNAIR ISSUES EUR 120 MILLION HYBRID BONDFINNAIR PLC STOCK EXCHANGE RELEASE 18.9.2009 Finnair Plc has resolved to issue a EUR 120 million domestic hybrid bond. The coupon rate of the bond is 9.00% per annum. The bond has no maturity but the company may call the bond after four years. The bond was oversubscribed. “The hybrid bond will be used to finance the investment programme and to strengthen the Group's capital structure. The arrangement provides us with a solid ground to work further in order to improve our profitability”, says Finnair's Group Treasurer Mika Stirkkinen. Hybrid bond is a bond which is subordinated to the company's other debt obligations and treated as equity in the IFRS financial statements. Hybrid bonds do not confer to holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders. The lead manager of the bond issue was Nordea Markets. Finnair Plc Communications 18.9.2009 Additional information: Mika Stirkkinen, VP, Group Treasurer, tel +358 9 818 4960 |
|||
|