CapMan Plc Stock Exchange Release 3 February 2017 at 10.00 a.m. EET
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CapMan Plc announces early redemption of its €15 million hybrid bond issued on 11 December 2013
CapMan Plc announces early redemption of its €15 million hybrid bond with accrued interest around 17 March 2017 in accordance with the bond terms. The hybrid bond is redeemed in cash. The hybrid bond is classified as an equity instrument and has no maturity, but CapMan has the right to redeem it four years from the issue date 11 December 2013. The company has an option to redeem the bond in two years the earliest from the issue date in accordance with certain terms and conditions.
"CapMan's good financial position enables early redemption of the hybrid bond. The redemption lowers CapMan's financing expenses by approx. €1.2 million p.a.," says CapMan's CFO Niko Haavisto.
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages €2.7 billion in assets. We mainly manage the assets of our customers, the investors. We also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.