hkscan hetket bbq 0318 150 matala

Information for debt investors

ESG at HKScan

> Please take a look at our ESG questionnaire.

> Read more about our Corporate responsibility.

Bond 2025, issued amount EUR 90.0 million

In March 2021, HKScan Corporation issued a senior unsecured bond of a EUR 90 million. The four-year bond matures on 24 March 2025, it carries a fixed annual interest at the rate of 5.000 per cent and has an issue price of 100 per cent.

The proceeds from the bond offering were partially used for the partial repurchase of HKScan Corporation’s existing EUR 135 million 2.625 per cent fixed-rate unsecured senior notes. The remainder of the proceeds received will be used for general corporate purposes.

Nordea Bank Abp and OP Corporate Bank plc act as coordinators for the issue of the bond and together with Danske Bank A/S and DNB Bank ASA, Sweden Branch as joint lead managers for the issue of the bond.

> Read more and access the Listing prospectus of the New Notes

Debt profile and maturity structure as of 31 March 2021

koroll_lainat_eraantyminen_EN_3_21.jpg

koroll_velka_lainalajeittain_EN_3_21.jpg

Bond 2022, outstanding EUR 39.5 million

In September 2017, HKScan issued an unsecured bond of a EUR 135 million. After the conversions carried out in the context of the share issue in June 2019, the outstanding amount is EUR 125.4 million and it matures on 21 September 2022. It carries a fixed annual interest at the rate of 2.625 per cent and has an issue price of 100.00 per cent.

The proceeds from the bond issued in spring 2021 were used for the partial repurchase of fixed-rate, unsecured notes due on 21 September 2022. After the repurchase, the remaining amount of notes due on 21 September 2022 total EUR 39.5 million.

Nordea Bank AB (publ) and OP Corporate Bank plc act as Joint Lead Managers for the issue of the bond.

Offering circular of the Bond 2022

Hybrid bond, outstanding EUR 25,9 million

In September 2018, HKScan Corporation issued a EUR 40 million hybrid bond. After the conversions carried out in the context of the share issue in June 2019, the outstanding amount is EUR 25.9 million. The coupon of the hybrid bond is 8.00 per cent per annum, but it will be subject to a coupon reset on each fifth anniversary of the issue date of the hybrid bond.

The hybrid bond does not have a specified maturity date but HKScan is entitled to redeem the hybrid bond for the first time on the fifth anniversary of the issue date, and subsequently, on each annual coupon interest payment date.

The hybrid bond issuance will strengthen HKScan's capital structure and financial position. The net proceeds of the issuance will be used for general corporate purposes.

Key_Information_Document.PDF

Financial risk management

Read more about HKScan's financial risk management in our Annual Review, p. 146.