Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Ahlstrom Corporation
Print
Helsinki, Finland, 09 November 2009 -- Ahlstrom Corporation, a leading supplier of nonwovens and specialty papers, has resolved to issue a EUR 80 million domestic hybrid bond. The coupon rate of the bond is 9.50% per annum. The bond has no maturity but the company may call the bond after four years. The bond was oversubscribed. 

The hybrid bond will strengthen Ahlstrom’s capital structure. The arrangement also will abrogate the effect of the dividend payment restrictions related to the reduction of the gearing ratio that were included in the EUR 200 million revolving credit facility agreement signed in July 2009. A hybrid bond is an instrument that is subordinated to the company's other debt obligations and is treated as equity in the IFRS financial statements. Hybrid bonds do not confer to their holders the right to vote at shareholder meetings and do not dilute the holdings of the current shareholders. The lead manager of the bond issue was Nordea Markets.



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: