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Lemminkainen starts tender offer for €35 million hybrid bonds
By Toni Weeks
San Luis Obispo, Calif., May 28 – Lemminkainen Corp. said it began a tender offer to repurchase €35 million of its outstanding €70 million of perpetual hybrid bonds, which were issued on March 30, 2012.
The purchase price will be 104.625.
The offer expires at 8 a.m. ET on June 9, with settlement expected June 17.
The bond is callable on March 30, 2016.
Nordea Markets is the dealer manager and tender agent.
The Helsinki-based company provides infrastructure construction, building construction and paving.
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