Metso obtained EUR 200 million of long-term funding
Metso Corporation has made a placement of 5-year bonds to a group of European investors under Metso's EMTN program. In order to accommodate investor preferences the overall issue size is EUR 300 million. Out of this total, and considering Metso's actual funding needs, its 100% owned subsidiary Metso Capital Ltd has subscribed EUR 100 million for potential resale after an 18-month lock-up period. The notes carry a fixed interest coupon of 7.25%. Issue date is June 10, 2009. Application is being made to list these notes on the Luxemburg Stock Exchange.
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