Brief: Rapala VMC Corporation Issues EUR 25 Mln Hybrid Bond

Rapala VMC Oyj

06/11/2019 14:53

Nov 6 (Reuters) - Rapala VMC Corp  RAP1V.HE :
    * REG-RAPALA VMC CORPORATION ISSUES EUR 25 MILLION HYBRID
BOND
    * DECIDED TO ISSUE A EURO-DENOMINATED HYBRID BOND IN AMOUNT
OF EUR
25 MILLION
    * ISSUE DATE OF HYBRID BOND IS NOVEMBER 13, 2019
    * HYBRID BOND BEARS A FIXED INTEREST RATE OF 5.25 PER CENT
PER
ANNUM UNTIL RESET DATE NOVEMBER 13, 2021, AND THEREAFTER
INTEREST RATE WILL BE DETERMINED ON EACH SECOND ANNIVERSARY OF
ISSUE DATE
    * HYBRID BOND HAS NO MATURITY DATE BUT ISSUER IS ENTITLED TO
REDEEM HYBRID BOND AFTER 2 YEARS FROM ISSUE DAT

Source text for Eikon:  ID:nGNE9F8vY9 
Further company coverage:  RAP1V.HE 

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