Finland’s third-largest mobile operator DNA is set to issue a fixed-rate senior unsecured €150m (US$187.8m) bond to repay existing debt and for general corporate purposes.
The offering will be launched on 12 November, the company said in a…
Finland’s third-largest mobile operator DNA is set to issue a fixed-rate senior unsecured €150m (US$187.8m) bond to repay existing debt and for general corporate purposes.
The offering will be launched on 12 November, the company said in a statement.
The bond, which carries a coupon rate of 2.875%, will mature in 2021.
Lead arrangers are Danske Bank and Pohjola Markets.
Commenting on the financing, DNA CFO Timo Karppinen said: “Investors responded very favourably to DNA. Our bond attracted wide attention among investors both in Finland and also elsewhere in Europe and the bond was oversubscribed quickly. This is the second time within twelve months that DNA is making a successful bond issue.”
In late November last year, the Finnish company issued its first-ever bond, raising €100m.
A couple of months ago, TeliaSonera’s Finnish unit and DNA agreed to build together and share networks in the sparsely-populated northern and eastern parts of Finland.
