Teollisuuden Voima Oyj (TVO) issues EUR 750 million Eurobond

Teollisuuden Voima Oyj ("TVO") has issued an EUR 750 million seven-year Eurobond under its recently established EUR 2 billion Euro Medium Term Note Programme (EMTN). The seven-year bond listed in Luxembourg Stock Exchange carries an annual coupon of 6%.

The bond issue was oversubscribed with a total order book of approximately EUR 2.75 billion with more than 200 investors participating.

The bonds and the programme are rated A- (stable outlook) by Fitch Ratings.

The proceeds of the offering will be used for general corporate and refinancing purposes.

Calyon Credit Agricole, J.P. Morgan, Nordea Markets and RBS acted as Joint Bookrunners for the transaction.

The EMTN programme was arranged by Nordea Markets with BNP Paribas, Calyon Credit Agricole CIB, Danske Bank, J.P. Morgan, Mitsubishi UFJ Securities International PLC, Pohjola Bank PLC, SEB, and The Royal Bank of Scotland as the other dealers.


Further information:
Lauri Piekkari, Vice President and Treasurer, Finance tel. +358 9 6180 6110
Klaus Luotonen, Senior Vice President, Finance Tel. +358 9 6180 6100.