HELSINKI, Finland, Nov. 13, 2001 (PRIMEZONE) -- Metso Corporation (NYSE:MX), rated Baa2 (stable outlook)/BBB+ (negative outlook), is planning to launch an inaugural Euro denominated bond offering, subject to market conditions. The offering will be documented under Metso's EMTN Program. The issue is intended for refunding certain of the company's bank loans as well as for general corporate purposes. The company's intention is to have a road show in Europe next week. The bookrunner for the transaction is Schroder Salomon Smith Barney.
A copy of the EMTN Program relating to the offering may be obtained from Metso by calling Tel. 011 358 20 484 3254.
Metso Corporation is a global supplier of process industry machinery and systems. Metso's core businesses are divided between Metso Paper (fiber and paper technology), Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology).
In 2000, the net sales of Metso Corporation were EUR 3.9 billion, and the personnel totaled approximately 22,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
Metso completed its offer for Svedala Industri AB on September 14, 2001. Svedala is a global supplier of products and services for rock and mineral processes. Metso's and Svedala's combined net sales are approximately EUR 5,400 million (in 2000) and the amount of personnel is approximately 32,000.