Sponda Plc accepted a total of EUR 100 million in bids at the first auction of Sponda Plc's EUR 150 million serial bond. The total amount of bids received was 123 million. The issue price was 100.222%, corresponding to a yield of 6.21%. The maturity of the bond is 7 years and it has a fixed annual coupon of 6.25%. The issue date of the bond is 14.4.2000 and the bonds will be listed on the Helsinki Stock Exchange. The Bonds will be issued under Sponda Plc's EUR 250 million Medium Term Note programme.
The Lead Manager of the issue was MeritaNordbanken. Other dealers were Evli Rahamarkkinat, Leonia Corporate Bank and Mandatum Bank. Sponda Plc.