Helsinki, June 9, 2014 – St1 Nordic Corporation will list a bond on First North Bond Market Finland today. The issuer has issued senior unsecured notes with an aggregate nominal amount of EUR 100,000,000 with a 4.125% Fixed Rate due 4 June, 2019.
First North Bond Market Finland was launched by NASDAQ OMX Helsinki on January 27, 2014. First North Bond Market Finland is an alternative marketplace offering companies the same services as the Main market but with more flexible listing requirements. It is a new debt funding alternative for non-listed and listed small- and medium-sized companies interested in issuing a corporate bond, and it is also a cost-efficient funding alternative for larger companies.
St1 Nordic Corporation is a Finnish energy company focusing on retail and wholesale trade of traffic fuels and on renewable energy development in Finland, Sweden and Norway. In 2013, the turnover of St1 Nordic Corporation was approximately EUR 2.5 billion and the group employs approximately 230 people. St1 Nordic Corporation is a private limited liability company. St1 Group Ltd, the sister group to St1 Nordic Corporation, is focusing on oil refining in Sweden. For more information, visit www.st1.eu
Kim Wiio, CEO of St1 Nordic Corporation, commented: “Our first bond was issued to diversify our financing structure. The timing was determined by our well-established financial performance and good market conditions. Our EUR 100 million bond has been well received amongst investors and almost two times oversubscribed. The new First North Bond Market Finland operated by NASDAQ OMX Helsinki is well suited for our purposes.”
Lauri Rosendahl, President of NASDAQ OMX Helsinki, said: “We are very pleased that St1 Nordic Corporation is already the second company in Finland to diversify its funding sources on the new First North Bond market to fuel its growth. We strongly believe that many companies in Finland will consider corporate bonds as an alternative to supplement their debt financing on the public market.”
St1 Nordic Corporation appointed Danske Bank Oyj and Nordea Bank Finland Plc as Lead Managers for the bond. St1 Nordic Corporation appointed also Danske Bank Oyj as Certified Adviser in the First North bond listing.
About First North Bond Market
First North Bond market is regulated as a multilateral trading facility, operated by the exchanges in Helsinki, Copenhagen and Stockholm within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. NASDAQ OMX Nordic is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. To learn more, visit www.nasdaqomx.com.
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