LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 23.3.2012 at 9.00 AM
LEMMINKÄINEN CONSIDERS ISSUANCE OF HYBRID BOND
Lemminkäinen Corporation is considering issuance of a hybrid capital bond. The potential issue is expected to be launched in the near future subject to market conditions. The targeted size of the issue is approximately EUR 50 million. Nordea Markets has been appointed as Coordinator and Nordea Markets and Pohjola Markets jointly as bookrunners for the potential transaction.
A hybrid bond is an instrument which is subordinated to the company's other debt obligations and which is treated as equity in the IFRS financial statements. Hybrid bonds do not confer to their holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders.
CFO Robert Öhman
Tel. +358 2071 53515
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly one third. The Group employs an average of 8,400 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com