Sponda Plc Stock Exchange Release 30 November 2012, 1:15 pm
Sponda completes partial repurchase of its hybrid bond
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Sponda completes the partial repurchase for its hybrid bond (ISIN: FI0003029181) issued in 2008. Sponda has agreed to repurchase a nominal amount of EUR 37,200,000 in exchange for cash which represents 28.6 percent of the original EUR 130 million notional amount issued in 2008.
All tenders from noteholders have been accepted and will be executed according to the terms and conditions of the offer. The repurchase price will be 102 per cent for the nominal amount plus the accrued interest until the settlement date 5 December 2012.
After completing this tender offer, Sponda will have two hybrid bonds outstanding. The first one, issued in 2008, amounts post-repurchase to EUR 92,800,000 million and is callable on 27 June 2013. The new hybrid bond, announced on 21 November 2012, will amount to EUR 95 million, and the first call date is 5 December 2017.
Nordea Markets acts as a dealer manager and as a tender agent for the transaction.
Sponda Plc
Kari Inkinen
President and CEO
Further Information: Kari Inkinen, President and CEO, Tel. No. +358 400 402 653
Distribution:
NASDAQ OMX Helsinki Ltd
Main Medi
www.sponda.fi
Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland and Russia. Sponda's business concept is to own, lease and develop office, retail and logistics properties into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.2 billion and the leasable area is around 1.5 million m².
This release is for informational purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any hybrid bonds. The distribution of this release and the related material concerning the issuance of the new hybrid bond and the invitation to tender the outstanding hybrid bond are prohibited by law in certain countries. The new hybrid bonds are not being offered and the tender offer for the outstanding hybrid bonds is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive this release and the related hybrid bond documentation only in compliance with applicable exemptions or restrictions. Persons into whose possession this release and the related hybrid bond documentation may come are required to inform themselves about and comply with such restrictions. This release and the related hybrid bond documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the United States, Canada, Australia, Hong Kong, South Africa and Japan. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Issuer’s hybrid bonds to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Sponda’s representatives assume no legal responsibility for such violations, regardless of whether the parties contemplating investing in or divesting the Issuer’s hybrid bonds are aware of these restrictions or not. Sponda’s hybrid bonds have not been and will not be registered under the US Securities Act of 1933, nor under any securities legislation of any state in the United States, and they may not be offered, sold, resold delivered, distributed, bought or transferred in the United States or to US citizens or on behalf of US citizens, except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and any applicable state law legislation.