Overview:
- Outotec offered a €150 million 7.375% hybrid bond.
- Pohjola Bank acted as coordinator and joint lead manager, with Nordea Bank Finland as the other joint lead manager in the deal.
- The bond has no specified maturity date but Outotec may exercise an early redemption option for the first time on 24 March 2021.
- The bond will strengthen Outotec's capital structure and the proceeds will be used for refinancing existing debt and for the company's general corporate purposes.
Wai Yee Tsang - Journalist