Sanoma Corporation, Stock Exchange Release, 2 November 2016 at 14:30 CET+1
Sanoma Corporation will redeem the EUR 100 million hybrid bond (ISIN: FI4000075023) issued on 12 December 2013. The redemption will be made on 12 December 2016 for the full outstanding amount in accordance with the terms and conditions of the hybrid bond.
This notice of redemption is given to the holders of the capital notes in accordance with the terms and conditions of the hybrid bond.
A hybrid bond is an instrument which is subordinated to the company’s other debt obligations. It is treated as equity in the IFRS financial statements. A hybrid bond does not confer to its holders the rights of a shareholder and does not dilute the holdings of the shareholders.
Sanoma's Investor Relations, Anna Tuominen, tel. +358 40 584 6944
Sanoma is a front running media and learning company impacting the lives of millions every day. We provide consumers with engaging content, offer unique marketing solutions to business partners and enable teachers to excel at developing the talents of every child.
With companies operating in Finland, the Netherlands, Belgium, Poland and Sweden, our net sales totalled EUR 1.7 billion and we employed over 6,000 professionals in 2015. The Sanoma shares are listed in Nasdaq Helsinki.