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Nokian Tyres plc issues EUR 150 million Eurobond
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12.06.2012

Nokian Tyres plc Stock Exchange Release 12 June 2012, 3:30 p.m.

 

Nokian Tyres plc issues EUR 150 million Eurobond

 

Nokian Tyres plc issues an EUR 150 million five-year Eurobond under its recently established EUR 500 million Euro Domestic Note Issuance Programme (MTN). Application will be made to have the bond listed in NASDAQ OMX Helsinki Oy and it carries an annual coupon of 3.25%.

 

The bond issue was oversubscribed with a total order book of approximately EUR 224 million with more than 40 investors participating.

 

The proceeds of the offering will be used for general corporate and refinancing purposes. Danske Bank A/S acted as bookrunner for the transaction.

 

Nokian Tyres plc 

Antti-Jussi Tähtinen

Vice President, Marketing and Communications

 

Further information:

Anne Leskelä

Vice President

Finance & Control, CFO.

Tel. +358 10 401 7481

 

Distribution: NASDAQ OMX, media, www.nokiantyres.com

 

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Further information:

Anne Leskelä

Vice President

Finance & Control, CFO.

Tel. +358 10 401 7481

Nokian Tyres is the expert in Nordic conditions, and develops safe tyres for changing conditions whilst adhering to green values. Nokian's product line includes summer and winter tyres for cars, SUVs and vans, as well as steering axle tyres, drive axle tyres and trailer tyres for trucks, NOKTOP materials for re-treads, and heavy tyres for agricultural and industrial applications.