Vapo Oy is considering the issuance of a hybrid bond
Vapo Oy is considering the issuance of a hybrid bond. The potential issue is expected to be launched in the near future subject to market conditions.
The funds received from the hybrid bond would be used mainly for strengthening the company’s balance sheet as well as for future strategic growth investments.
A hybrid bond is an instrument which is subordinated to the company’s other debt obligations and which is treated as equity in the company’s consolidated financial statements prepared in accordance with the IFRS. The hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the current shareholders.
Nordea Bank Finland Plc is acting as the lead manager in the transaction. Castrén & Snellman Attorneys Ltd acts as legal advisor to Vapo Oy.
For further information please contact:
Tomi Yli-Kyyny, CEO
Tel. +358 20 790 5605
Suvi Kupiainen, CFO
Tel. +358 20 790 5516
Ahti Martikainen, Director, Communications and Public relations
Tel. +358 20 790 5608