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Lassila & Tikanoja plc issues EUR 30 million bond

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Helsinki, Finland, 2014-09-08 14:00 CEST (GLOBE NEWSWIRE) --

Lassila & Tikanoja plc                Stock exchange release          8 September 2014 3.00 pm


Lassila & Tikanoja plc issues EUR 30 million 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.

Lassila & Tikanoja plc issues a EUR 30 million senior unsecured bond. The bond matures on 15 September 2019 and it carries a fixed annual interest rate of 2.125 per cent. The offering was oversubscribed. Lassila & Tikanoja will apply for the listing of the bond on NASDAQ OMX Helsinki.

“Entering debt capital markets diversifies our financing sources and supports the execution of our strategy”, says Timo Leinonen, CFO.

Danske Bank acted as the sole lead manager in the transaction.



Timo Leinonen


For additional information, please contact
Timo Leinonen, CFO, tel. +358 400 793 073.

Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. In co-operation with our customers we are reducing waste volumes, extending the useful lives of properties, recovering materials and decreasing the use of raw materials and energy. We help our customers to focus on their core business and to save the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, L&T employs 8,000 persons. Net sales in 2013 amounted to EUR 668.2 million. L&T is listed on NASDAQ OMX Helsinki.

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