LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 23.3.2012 at 1.00 PM
LEMMINKÄINEN ISSUES EUR 70 MILLION HYBRID BOND
Lemminkäinen Corporation issues a EUR 70 million domestic hybrid bond. The coupon rate of the bond is 10 % per annum. The bond has no maturity but the company may exercise an early redemption option after four years. The hybrid bond issue will strengthen Lemminkäinen's capital structure and financial position.
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.
Nordea Markets acted as Coordinator and Nordea Markets and Pohjola Markets jointly as bookrunners in the transaction.
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