By Sarah Lizee
Olympia, Wash., April 23 – Aspo plc issued €20 million of new 8¾% capital securities, according to a press release.
OP Corporate Bank plc was the lead manager for the notes.
The coupon will be redetermined after two years.
The securities do not have a specified maturity date, but the company may redeem them on any coupon payment date starting May 2, 2022.
Proceeds will be used for the company’s tender offer for its €25 million 6¾% capital securities and for general corporate purposes.
Aspo is a Helsinki, Finland-based conglomerate that owns and develops business-to-business corporate brands.
| Issuer: | Aspo plc
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| Issue: | Capital securities
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| Amount: | €20 million
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| Manager: | OP Corporate Bank plc
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| Coupon: | 8¾%, to be reset after two years
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| Call: | On any coupon payment date starting May 2, 2022
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| Announcement date: | April 23
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| Settlement date: | April 30
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