Elisa launches 7-year bond issue, to buy back 2019 bond

Tuesday 7 March 2017 | 14:12 CET | News
Finnish operator Elisa announced the issue of a seven-year Eurobond under its EUR 1 billion EMTN (Euro Medium Term Note) programme. The size of the new issue is expected to be EUR 300 million. The proceeds will be used for an offer launched to buy back Elisa's existing notes maturing in 2019 for cash. The company plans to buy back up to EUR 100 million of the notes at a purchase price equal to the yield of -15 basis points. The tender offer expires on 14 March.

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Categories: General
Companies: Elisa
Countries: Finland
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