Ahlstrom redeem remaining €34.5 million of its €80 million hybrid bond

By Tali David

Minneapolis, Oct. 24 - Ahlstrom Corp. plans to redeem the remaining €34.5 million of its €80 million hybrid bond (ISIN: FI4000006929) issued in 2009, according to a notice.

The bond will be redeemed at par plus accrued interest on Nov. 25.

In September, Ahlstrom issued a new €100 million hybrid bond. At the same time, the company repurchased by a public tender offer a notional amount of €45.5 million of the hybrid bonds originally issued in 2009.

Ahlstrom engages in the development, manufacture, and marketing of fiber-based materials worldwide. It is based in Helsinki, Finland.

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