Talvivaara Mining Company has issued a 110m euro unsecured five year bond, with a 100 per cent issue price.
The bond pays a coupon of 9.75% and is callable after three years. It was issued to both Finnish and international institutional and private investors.
The proceeds of the offering will be used for refinancing and general corporate purposes, the firm said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares were trading 2.59% down at 240.9p by 15:42 on Wednesday.
NR
