IFLR1000

Sato €300 million 2.375% senior unsecured bond issue

24/3/2016
Investment grade bond/note issue
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€ 300 million

$ 330 million

Completed

24/3/2016

Overview:

  • The Sato Corporation, a Finnish housing investment company, issued a €300 million senior guaranteed unsecured Eurobond, listed on the Irish Stock Exchange.
  • The notes are guaranteed by Sato's subsidiaries Sato-Asunnot and Satohousing.
  • BNP Paribas, Danske Bank, Nordea Bank and Swedbank acted as the joint lead managers and global coordinators for the offering.
  • Svenska Handelsbanken and Pohjola Bank were the joint lead managers and bookrunners.

Wai Yee Tsang - Journalist

Jurisdiction:

Finland

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Finland

Industry sector:

Investment management

Firms:
Clifford Chance

Party: BNP Paribas (Lead manager, Global coordinator)

Party: Danske Bank (Lead manager, Global coordinator)

Party: Nordea Bank (Lead manager, Global coordinator)

Party: Swedbank (Lead manager, Global coordinator)

Party: Pohjola Bank (Lead manager, Bookrunner)

Party: Svenska Handelsbanken (Lead manager, Bookrunner)

White & Case

Party: Sato Corporation (Issuer)

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