Fortum Corporation has today issued two five-year bonds with a total nominal value of SEK 3,150 million under its EMTN (Euro Medium Term Note) programme.
Both bonds are due on 20 March 2018 with the following terms: SEK 2,000 million 5-year floating rate note and SEK 1,150 million 5-year fixed 2.75% note.
The bonds were allocated to over 40 investors and will be listed in Luxembourg. The proceeds will be used for general corporate purposes.
Skandinaviska Enskilda Banken, Svenska Handelsbanken and Swedbank acted as book runners of the transaction.
Jan Seveborg, Group Treasurer, Fortum Corporation, tel. +358 1045 29164
Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia, Poland and the Baltics. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2012, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion. We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com