By Marisa Wong
Los Angeles, Nov. 2 – Tornator Oyj priced €50 million of 4.972% senior secured green notes due 2031, according to a press release.
OP Corporate Bank and Skandinaviska Enskilda Banken acted as joint lead managers.
These new notes are secured by some of Tornator’s forest properties.
Proceeds will be used primarily to fund acquisitions of FSC and PEFC-certified forest assets.
Finland-based Tornator specializes in sustainable forestry and owns forests in Finland, Estonia and Romania.
| Issuer: | Tornator Oyj
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| Amount: | €50 million
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| Issue: | Senior secured green notes
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| Maturity: | 2031
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| Lead managers: | OP Corporate Bank and Skandinaviska Enskilda Banken
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| Coupon: | 4.972%
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| Announcement date: | Nov. 2
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