27/05/2013

Krogerus advises Tieto Corporation on its EUR 100 million bond issue

Krogerus advised Tieto Corporation on the issue and listing of its EUR 100 million bond. The bond matures on 23 May 2019 and carries a fixed annual interest rate of 2.875%.

The Finnish Financial Supervisory Authority approved the listing prospectus for the bond on 23 May 2013.

NASDAQ OMX Helsinki is expected to admit the bond for public trading on 27 May 2013. Nordea Markets and Pohjola Markets acted as the lead managers in this transaction.

Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors, as well as product development services in the field of communications and embedded technologies. It employs approximately 17,000 persons and has net sales of roughly EUR 1.8 billion.

The Krogerus team was led by partner Päivi Toivari. She was assisted by senior associate Tom Fagernäs and associate Anna Velitski.

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