References/16 Jun 2022
Borenius advised Aspo Plc on its EUR 30 million hybrid bond issue
We advised Aspo Plc on its issuance of EUR 30 million hybrid bond with a significantly oversubscribed order book. The hybrid bond bears interest at a fixed interest rate of 8.75% until 14 June 2025.
The Lead Managers of the issue were Nordea Bank Abp and OP Corporate Bank plc.
The oversubscription of Aspo’s EUR 30 million hybrid bond in the current market environment demonstrates confidence in Aspo’s proven business model. Borenius is pleased to have acted as a legal adviser in the matter.
“I am very pleased with the broad investor demand for the transaction and we thank investors for their trust and appreciation of Aspo. The transaction supports the implementation of Aspo’s strategy well,” says Rolf Jansson, CEO of Aspo Group.
Aspo produces value by owning and developing its businesses responsibly in the long term. The target of the owned businesses is to be the market leaders in their respective fields. The businesses are responsible for their operations, customer relationships and their development, aiming to reach a leading position in sustainability. Aspo supports the success and growth of its businesses through its best capabilities. Aspo Group has business operations in 18 different countries, and it employs approximately 930 professionals.