By Susanna Moon
Chicago, May 28 – Elematic Oy Ab said it issued €35 million 10% senior secured callable bonds due 2018.
Proceeds will be used to refinance debt.
Pareto Securities Oy is the agent.
The bond is expected to be admitted to public trading on Nasdaq OMX Helsinki Ltd. on or about May 29.
Elematic Oyj is a manufacturer of precast concrete plants and production lines based in Akaa, Finland.
| Issuer: | Elematic Oy Ab
|
| Issue: | Senior secured callable bonds
|
| Amount: | €35 million
|
| Maturity: | May 30, 2018
|
| Coupon: | 10%
|
| Put option: | At 101 under a change of control
|
| Call option: | If holders of more than 75% of the bond exercise change-of-control put option, all bonds may be called at 101 after expiration of exercise period
|
| Agent: | Pareto Securities Oy
|
| Pricing date: | May 28
|
| Settlement date: | May 30
|
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