Metso gets tenders for €205.4 million of 2.75% notes via Nordea Bank

By Susanna Moon

Chicago, June 8 – Nordea Bank AB (publ) accepted tenders for €205,039,000 of the €400 million of 2.75% notes due Oct. 4, 2019 issued by Metso Corp.

The purchase price will be €1,067.23 for each €1,000 principal amount, according to a company update on Thursday.

The tender offer ran from May 30 until 11 a.m. ET on June 7.

Holders also will receive accrued interest to but excluding the settlement date of June 12.

As previously announced, pricing was set using a fixed purchase yield of negative 0.15% assuming a settlement date of June 12.

Metso planned to price new euro-denominated notes under its €1.5 billion of euro medium-term note program.

The tender was contingent on the issue of the new notes.

Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.europe@citi.com) and Nordea Bank AB (publ) (+45 6161 2996 or NordeaLiabilityManagement@nordea.com) are the lead dealer managers. Danske Bank A/S (+45 45 14 67 24 or liabilitymanagement@danskebank.dk) and OP Corporate Bank (+358 10 252 1668 or LiabilityManagement@op.fi) are the co-dealer managers. Citibank NA, London Branch (+44 20 7508 3867 or exchange.gats@citi.com) is the tender agent.

The issuer is a Helsinki, Finland-based supplier of process industry machinery.

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