Nokia, Finland, 2012-06-12 14:30 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc Stock Exchange Release 12 June 2012, 3:30 p.m.
Nokian Tyres plc issues EUR 150 million Eurobond
Nokian Tyres plc issues an EUR 150 million five-year Eurobond under its recently established EUR 500 million Euro Domestic Note Issuance Programme (MTN). Application will be made to have the bond listed in NASDAQ OMX Helsinki Oy and it carries an annual coupon of 3.25%.
The bond issue was oversubscribed with a total order book of approximately EUR 224 million with more than 40 investors participating.
The proceeds of the offering will be used for general corporate and refinancing purposes. Danske Bank A/S acted as bookrunner for the transaction.
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Further information: Anne Leskelä, Vice President, Finance & Control, CFO. Tel. +358 10 401 7481
Distribution: NASDAQ OMX, media, www.nokiantyres.com