Itella Corporation has issued a EUR 150 million seven-year Domestic Bond with an annual coupon of 4.375%.
The bond issue was oversubscribed.
The proceeds of the offering will be used for general corporate and refinancing purposes.
Pohjola Bank acted as a sole book runner for the transaction.
The intention is to list Itella's bond in the Helsinki Stock Exchange maintained by Nasdaq OMX Helsinki Oy.
Vice President, Corporate Communications
Frequently asked questions regarding Itella's bond
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Itella in brief:
Itella Group provides solutions for managing information and product flows. Itella operates in mail communication, information logistics and logistics in northern and central Europe, and in Russia. The Group employs some 30,000 staff and reported net sales of EUR 1,953 million in 2008. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. More information on the Group is available at http://www.itella.fi/group/english.