Financial arrangements and programmes

Commercial paper programme

Lemminkäinen's commercial paper programme is worth EUR 300 million.
The amount of commercial papers in Lemminkäinen's debt portfolio, updated quarterly.

Bonds

Bond 06/2014

Loan type Unsecured bond
Amount EUR 100 million
Issuing date 26 June 2014
Expiry date 6 July 2019
Interest Fixed annual coupon 7.375% payable semi-annually
Listing Nasdaq Helsinki Ltd
Listing prospectus Listing prospectus
ISIN code FI4000100508
Coordinator Pohjola Markets
Release Release on 26 June 2014

Hybrid bonds

Hybrid bond 03/2014

Loan type Subordinated to debt, treated as equity
Original issued amount EUR 70 million
Outstanding amount EUR 35.2 million
Issuing date 11 March 2014
Expiry date Redemption option after four years
Interest Fixed coupon 8.75% p.a.
Listed Not listed
ISIN code FI4000086665
Coordinators Nordea Markets
Releases

Release on 4 March 2014

Release on 5 December 2016

Credit facilities

Revolving credit facility

Arrangement Committed revolving credit facility  
Amount EUR 200 million
Agreement date 20 March 2017
Maturity 3 years with options for two one year extensions
Covenants Equity ratio and the net debt to EBITDA ratio
Lending banks The coordinating bank for the facility was OP Corporate Bank plc, and the other mandated lead arrangers and lending banks are Danske Bank, Nordea Bank AB (publ), Finnish Branch and Swedbank AB (publ)
Release Investor news on 20 March 2017

 

Expired financial arrangements and programmes

Revolving credit facility

Arrangement Committed revolving credit facility  
Original amount EUR 260 million
Amount at the time of cancellation EUR 185 million
Agreement date 23 March 2016
Maturity 2 years
Covenants Equity ratio and the net debt to EBITDA ratio
Lending banks Nordea Bank Finland Plc, Danske Bank A/S, Helsinki Branch and Pohjola Bank plc are the mandated lead arrangers and lending banks
Releases

Release on 23 March 2016

Release on 7 December 2016

Investor news on 20 March 2017

Hybrid bond 03/2012

Loan type Subordinated to debt, treated as equity
Amount issued EUR 70 million
Issuing date 30 March 2012
Expiry date Redemption option after four years
Interest Fixed coupon 10% p.a.
Listed Not listed
ISIN code FI4000041322
Coordinators Nordea Markets and Pohjola Markets
Releases

Release on 23 March 2012

Release on 12 June 2015

Release on 18 February 2016

Revolving credit facility

Arrangement Committed revolving credit facility  
Amount EUR 185 million
Agreement date 27 March 2013
Maturity 3 years
Covenants Average equity ratio over four quarters and the average net debt to EBITDA ratio over four quarters
Lending banks Nordea Bank Finland Plc acted as the coordinating bank for the credit facility. In addition, Danske Bank A/S, Helsinki Branch, Pohjola Bank Plc and Handelsbanken are involved in the arrangement, contributing varying shares of the financing.
Release Release on 27 March 2013
Other

Lemminkäinen agreed on amended terms of its credit facility on May 2014. Amount and maturity of RCF remained the same. Release on 21 May 2014.

Lemminkäinen has agreed on amended terms of its financial agreement. Release on 27 March 2015.

 

Updated: 20 March 2017