RAPALA VMC CORPORATION ISSUES EUR 25 MILLION HYBRID BOND
(WorldNews Finland)

RAPALA VMC CORPORATION ISSUES EUR 25 MILLION HYBRID BOND Rapala VMC Corporation issues a EUR 25 million hybrid bond. The bond bears a fixed interest rate of 5.375 per cent per annum until May 31, 2019. The hybrid bond has no maturity date but the issuer is entitled to redeem the hybrid bond after 2 years. The issue date of the hybrid bond is May 31, 2017. The hybrid bond issue will strengthen the company`s capital structure and financial position. "We are very pleased with the broad interest from capital markets towards our hybrid bond. Multiple times oversubscribed transaction sends a strong message of investors` confidence in the company`s updated strategy. The hybrid bond will...