January 2010
Hybrid securities EUR 29 million
Pohjola Corporate Finance advised Elcoteq
Hybrid securities EUR 29 million
Sector(s) : Services and B to B / TMT
Date : January 2010
Advisor(s) : Pohjola
Advised : Restructuring
Mid-Capital partner Pohjola Corporate Finance advised Elcoteq
As part of the restructuring Elcoteq decided to issue EUR 29 million hybrid securities in a private placement. The proceeds from the hybrid securities issue were used directly to repay EUR 105 million nominal amount of Elcoteq's existing outstanding debenture bonds. Pohjola Corporate Finance acted as financial adviser to Elcoteq in the restructuring and as manager in the hybrid issue.