By William Gullotti
Buffalo, N.Y., March 6 – Valmet Corp. (Valmet Oyj) priced €200 million of 4% senior green notes with a tenor of five years at 99.871, according to a press release on Wednesday.
Danske Bank A/S and Nordea Bank Abp are the joint lead managers for the offering, which was allocated to 42 investors.
As previously reported, proceeds will be used in accordance with the company’s newly launched green finance framework. Nordea also acted as an adviser in the establishment of the framework.
The company will apply to have the notes listed on Nasdaq Helsinki Ltd.’s list of sustainable bonds.
Valmet is a global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. The head office is in Espoo, Finland.
| Issuer: | Valmet Corp. (Valmet Oyj)
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| Amount: | €200 million
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| Issue: | Senior green notes
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| Maturity: | March 13, 2029
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| Bookrunners: | Danske Bank A/S and Nordea Bank Abp
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| Coupon: | 4%
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| Price: | 99.871
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| Trade date: | March 6
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