Finland’s Kotipizza Group to redeem €30 million of bonds due 2016

By Wendy Van Sickle

Columbus, Ohio, July 7 – Kotipizza Group Oyj called its €30 million of three-year unsecured bonds due in 2016, according to a notice.

The bonds were issued on April 2, 2013 and will be redeemed on Aug. 11 at a price of 103 plus accrued interest.

The redemption will be funded with proceeds from the initial public offering completed on July 6 and with new term loans drawn in connection with listing the company's shares on the NASDAQ OMX Helsinki Ltd.

The pizza chain is based in Vaasa, Finland.

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