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Sweden : Lemminkainen Corporation issues a EUR 100 million domestic bond

June 19, 2014

Lemminkainen Corporation issues a EUR 100 million senior unsecured bond. The 5-year bond matures on 6 July 2019 and carries fixed annual coupon at the rate of 7.375 per cent payable semi-annually. The bond was allocated to over 60 investors. Application will be made to have the bond listed on the NASDAQ OMX Helsinki Ltd.

The proceeds from the bond issue will be used to refinance the EUR 60 million bond maturing in October 2014. At the same time, Lemminkainen extends the maturity distribution of its debt portfolio.

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Source: TendersInfo (India)

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