Lemminkäinen redeems the EUR 42.9 million hybrid bond
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 18 FEBRUARY 2016 AT 8:15 A.M.
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LEMMINKÄINEN REDEEMS THE EUR 42.9 MILLION HYBRID BOND
Lemminkäinen Corporation redeems the outstanding share of the EUR 70 million hybrid bond (ISIN: FI4000041322). The outstanding share amounts to EUR 42.9 million. The hybrid bond was issued on 30 March 2012.
The redemption will be made on 30 March 2016 in accordance with the terms and conditions of the hybrid bond.
In June 2015, Lemminkäinen repurchased by a public tender offer EUR 27.1 million of the hybrid bond originally issued on 30 March 2012.
After this latest transaction the EUR 70 million hybrid bond issued on 4 March 2014 will remain outstanding. The hybrid bond has no maturity date but the issuer is entitled to redeem the hybrid bond 4 years after the issue date.
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. The hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the shareholders.
Ilkka Salonen, CFO
Tel. +358 2071 53304
Nasdaq Helsinki Ltd
Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com