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Banking & Finance, Capital Markets / 12 Jun 2014

Borenius advised Danske and Nordea on St1 Nordic Corporation’’s EUR 100 million high-yield bond and revolving credit facility

We advised Danske Bank Plc and Nordea Markets, as lead managers on the high-yield bond issuance of St1 Nordic Corporation’’s debut EUR 100 million high-yield bond. The bond was listed on the First North Bond Market Finland operated by NASDAQ OMX Helsinki Oy on 9 June 2014. We also assisted Danske Bank Plc in its role as a Certified Adviser for St1 Nordic Corporation, in connection with the First North Bond Market Finland listing process.

Simultaneously with the high-yield bond, we also assisted Danske Bank Plc and Nordea Bank Finland Plc, as lenders in a new revolving credit facility for St1 Nordic Corporation.

St1 Nordic Corporation is a Finnish energy company focusing on the retail and wholesale trade of traffic fuels and on renewable energy development in Finland, Sweden and Norway. In 2013, the turnover of St1 Nordic Corporation was approximately EUR 2.5 billion and the group employs approximately 230 people.

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