We advised Aspo Plc when it issued its EUR 20 million Hybrid Bond on 23 April 2020. At the same time Aspo completed a Tender Offer with respect to its Hybrid Bond issued in 2016.
The Lead Manager of the issue was OP Corporate Bank plc.
This transaction constitutes one of the very few Finnish bond issues and probably the first hybrid bond issue in Europe to have taken place so far since the COVID-19 outbreak.
Aspo is a conglomerate that owns and develops business operations in Northern Europe and growth markets focusing on demanding B-to-B customers. Aspo has four corporate brands, i.e. ESL Shipping, Leipurin, Telko and Kauko, that are responsible for their own operations, customer relationships and the development of these. Together they generate Aspo’s goodwill.