POHJOLAN VOIMA OYJ STOCK EXCHANGE RELEASE 29 MAY 2024
Pohjolan Voima Issues EUR 150 Million Senior Unsecured Notes
Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, Singapore or such other countries or otherwise in such circumstances in which the offering of the notes or the release, publication or distribution would be unlawful.
Pohjolan Voima Oyj (“Pohjolan Voima”) issues senior unsecured notes of EUR 150 million (the “Notes”). The maturity of the Notes is seven years and they mature on 5 June 2031. The Notes carry fixed annual interest of 4,75 percent. The issue price of the notes is 99,936 percent. The offering was allocated to more than 25 investors.
“This 7-year bond is an important part of Pohjolan Voima’s financing structure, diversifying our financing sources in accordance with our financing strategy. It was a pleasure to see the interest of a diverse group of investors in the transaction, despite our almost five-year absence from the bond market. I believe that our strong market position as a producer of sustainable energy and the positive effects of the completion of Olkiluoto 3 on the volume of energy production convinced the investor base and generated a good participation rate in the issue,” says Minna Laakso, Pohjolan Voima’s Chief Financial Officer.
Pohjolan Voima will submit an application to have the Notes listed on the official list of Nasdaq Helsinki Ltd. Pohjolan Voima intends to use the net proceeds of the issue of the Notes for refinancing of existing indebtedness and for general corporate purposes of the group.
Danske Bank A/S and OP Corporate Bank plc acted as joint lead managers for the issue of the Notes.
Distribution:
Nasdaq Helsinki
Further enquiries:
CFO Minna Laakso, Pohjolan Voima Oyj, +358 40 506 0802, minna.laakso@pvo.fi
Important Information
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, Singapore or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This communication does not constitute an offer of Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth entities falling within article 49(2)(a) to (d) of the Order, or (iv) other persons to whom it may be lawfully communicated, falling within article 49(1) of the Order (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this document or any of its contents.
About Pohjolan Voima Oyj
Pohjolan Voima is a long-lived Finnish energy company. We are one of Finland’s largest energy producers – our production accounts for over 20% of the nation’s total electricity production. The electricity we produce is almost completely carbon neutral. We produce electricity and heat at cost price for the needs of our owners – Finnish industrial and energy companies – with reliable and adjustable hydropower, thermal power and nuclear power that ensures security of supply. We are a team of top professionals and are proven as one of Finland’s most inspiring workplaces. At Pohjolan Voima, we pride ourselves on doing meaningful work in line with our values, skilfully, reliably, together. We are committed to carbon neutrality and improving biodiversity. Our objective is to create decisive power to strengthen competitiveness and contribute to a better tomorrow. www.pohjolanvoima.fi