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Finnair Plc, Stock Exchange Release, 29 March 2017 at 4:15 pm Finnish time (EET).
Finnair Plc announced on 22 March 2017 its decision to issue a senior unsecured bond of EUR 200 million (the “Bond”). The Bond matures on 29 March 2022, it bears a fixed annual interest at the rate of 2.250 percent and has an issue price of 99,925 percent. The Bond is callable before its final maturity.
The Finnish Financial Supervisory Authority has today approved the listing prospectus of the Bond. The prospectus is available in English on the company's website at https://investors.finnair.com/en/debt-investors.
Finnair has applied for the Bond to be listed on Nasdaq Helsinki Ltd. Public trading on the notes is expected to commence on or about 31 March 2017 under the trading code "FIAJ225022". The proceeds from the Bond offering will be used to refinance some of Finnair’s existing indebtedness, including the partial redemption of the bond maturing in 2018, and for general corporate purposes.
Danske Bank A/S and Nordea Bank AB (publ) acted as Lead Managers for the issue of the Bond.
Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2016, Finnair’s revenues amounted to EUR 2,317 million and it had a personnel of 4,940 at the year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.
This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Finnair. The distribution of this release and the related material concerning the issuance of Bond may, in certain jurisdictions, be restricted by law. No actions have been taken to register or qualify the Bond, or otherwise to permit a public offering of the Bond, in any jurisdiction. Any offering material or documentation related to the Bond may be received only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such offering material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such offering material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction. In particular this release and any such offering material or documentation may not distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to offer the Bond and this release and any related material concerning the issuance of the Bond may not be sent to any person in the beforementioned jurisdictions. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell any of Finnair's securities including the Bond to any person in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Neither Finnair nor the Lead Managers, or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting Finnair's securities including the Bond are aware of such restrictions. The Bond has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or under the securities laws of any state or other jurisdiction of the United States. The Bond may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the U.S. Securities Act).
The information provided in this release and any offer materials relating to the Bond is addressed to and directed only at persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 as amended, does not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as “relevant persons”). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this document or any of its contents.