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Elisa Oyj Issues EUR 300 Million Seven-Year Eurobond

Monday, 24 Sep 2012 05:10am EDT 

Elisa Oyj announced that the Company is to issue a seven-year Eurobond under its EUR 1 billion EMTN (Euro Medium Term Note) program. The size of the new seven-year bond issue is expected to be EUR 300 million. The Mandated Lead Managers for the bond issue are Deutsche Bank AG, London Branch, Danske Bank A/S and Nordea Bank Danmark A/S. The Company has also announced that Deutsche Bank AG, London Branch (Offeror), under agreement with the Company, has invited holders of the Company's existing notes maturing in 2014 to offer to sell their notes for cash. The Offeror proposes to accept for purchase up to EUR 150 million in aggregate nominal amount of the notes at a purchase price equal to the interpolated reference rate plus 10 basis points. Whether the Offeror will accept for purchase any notes validly tendered is subject to, without limitation the issue of the Company's new seven-year bonds. The tender offer expires on September 28, 2012 at and is being made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated September 24, 2012. The proceeds from the issue of the new seven-year bonds will be used for general corporate purposes, including financing tender offer of the bond maturing 2014. 

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