Finnvera plc has published today a stock exchange release concerning USD bond issue. The word “fixed rate” was mistakenly included in the topic. The correct word is “floating rate”.
The correct version of the release is in its entirety following:
Finnvera successfully launched a 300 million US Dollar floating rate bond
Finnvera launched yesterday on 11 June 2013 a USD 300 million (approx. EUR 226 million) three year floating rate bond transaction. The interest rate and currency risk of the bond is hedged through an interest rate and currency swap transaction. The bond was issued under the EMTN (Euro Medium Term Note) programme.
Finnvera’s EMTN programme and notes issued under it including swap arrangements in connection with bond issues are guaranteed by the State. Finnvera uses the funds for financing the domestic SME sector as well as exports.
Ms Ulla Hagman, CFO, Tel +358 29 460 2458
Mr Petri Pärssinen, Manager, Treasury, Tel +358 29 460 2472
