We advised Nokian Tyres plc on the issue of euro-denominated senior unsecured sustainability-linked notes in a nominal amount of EUR 100 million. The notes will bear a fixed annual interest at the rate of 5.125 per cent and mature in June 2028. The net proceeds from the issue will be used towards general corporate purposes.
The sustainability-linked notes represent the company’s first issue under its newly established sustainability-linked bond framework. The chosen targets for the sustainability-linked notes are related to Scope 1, 2 and 3 reductions.