Outokumpu €250 million 3.25% convertible bond issue

Overview:

• Outokumpu, a Nasdaq Helsinki-listed global stainless steel producer based in Finland, issued a €250 million 3.25% convertible bond.
• The bonds are convertible into Outokumpu's ordinary shares and will be redeemed at par in Feburary 2020, purchased or converted.
• Crédit Agricole Corporate and Investment Bank acted as the sole global coordinator and bookrunner.
• BNP Paribas, JPMorgan Securities, Nordea Bank Danmark, Pohjola Bank, Skandinaviska Enskilda Banken and The Royal Bank of Scotland acted as co-lead managers for the offering.

Wai Yee Tsang - Journalist