Commodities Buzz: Outokumpu will issue EUR 250 million bond

Outokumpu will issue a EUR 250 million senior secured bond and at the same time, confirms the fulfilment of the new financing condition, announced on May 9, 2018, regarding the call of all fixed rate notes due 2021.

The new bond, which matures on June 18, 2024, is targeted to institutional investors and is callable before its final maturity. The bond carries a fixed coupon interest rate of 4.125 percent per annum, payable semi-annually. The proceeds from the issuance of the bond will be used for voluntary redemption of the fixed rate notes due 2021 and for general corporate purposes.