Overview:
- Outokumpu, a Nasdaq Helsinki-listed global stainless steel producer based in Finland, issued a €250 million 3.25% convertible bond.
- The bonds are convertible into Outokumpu's ordinary shares and will be redeemed at par in Feburary 2020, purchased or converted.
- Crédit Agricole Corporate and Investment Bank acted as the sole global coordinator and bookrunner.
- BNP Paribas, JPMorgan Securities, Nordea Bank Danmark, Pohjola Bank, Skandinaviska Enskilda Banken and The Royal Bank of Scotland acted as co-lead managers for the offering.
Wai Yee Tsang - Journalist