Metso Outotec has successfully issued its first bond under its EMTN (Euro Medium Term Note) programme. The EUR 300 million bond matures in May 2028 and pays a fixed coupon of 0.875%. The issue price was 99.167% and is equal to EUR-swaps + 135 basis points. There are no financial covenants attached.

The bond will be listed on the Luxembourg Stock Exchange and the proceeds will be used for refinancing of existing debt and general corporate purposes.

“We are pleased with the first bond transaction of Metso Outotec being successful as it shows confidence of a wide base of debt investors in our newly formed company. This transaction is well in line with our funding strategy, and the new bond helps us to extend our debt maturity profile”, says Group Treasurer Minna Helppi.

The bookrunners for the transaction were Commerzbank, Nordea, OP Corporate Bank, SEB and Standard Chartered Bank.


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