By Mary-Katherine Stinson
Lexington, Ky., July 10 – Tornator Oyj priced €50 million of 5.188% senior secured green notes due 2035, according to a press release.
Danske Bank A/S acted as the lead manager.
These new notes are secured by certain of Tornator’s forest properties.
Proceeds will be used in accordance with Tornator’s green finance framework, primarily to fund acquisitions of FSC and PEFC-certified forest assets.
Tornator specializes in sustainable forestry and owns forests in Finland, Estonia and Romania.
| Issuer: | Tornator Oyj
|
| Amount: | €50 million
|
| Issue: | Senior secured green notes
|
| Maturity: | 2035
|
| Lead manager: | Danske Bank A/S
|
| Coupon: | 5.188%
|
| Announcement date: | July 10
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
