Stock Exchange Release 13/03/2012 17:45
Sanoma Corporation has today issued a EUR 400 million five-year Senior Unsecured Eurobond, under investment grade documentation without any financial covenants. The bond pays a fixed coupon of 5.000% and has an issue price of 99.413, equivalent to a yield of 5.136% or five-year Euro Mid-swaps + 362.5 basis points.
"We are very pleased to have successfully issued our first ever corporate bond with strong demand from both domestic as well as European investors. In addition, this is the first non-rated corporate transaction in the Euro market in close to a year," says Kim Ignatius, CFO, Sanoma.
The Lead Managers for the transaction were BNP Paribas, ING and Nordea Markets. The bond will be listed on the Luxembourg Stock Exchange. The proceeds of the offering will be used for extending the maturity profile of Sanoma's debt structure and refinancing existing debt.
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Martti Yrjö-Koskinen tel. +358 105 19 5064 or firstname.lastname@example.org
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Sanoma Corporation in any jurisdiction. In particular, this release does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States. Any securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered, exercised or sold in the United States absent registration or an applicable exemption from registration requirements.
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for nearly 15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR 2.7 billion.