Caverion and Manager Banks – Issue of EUR 35 Million Hybrid Bond

We assisted Caverion Corporation and manager banks Nordea Bank Abp and OP Corporate Bank plc in the issue of a hybrid bond of EUR 35 million.

Despite the current challenging market environment, the issue was significantly oversubscribed.

‘I am pleased with the demand the investors showed towards our hybrid bond in the current challenging market environment amidst the coronavirus pandemic, as evidenced by the significantly oversubscribed order book. Our current liquidity is strong, and the transaction supports our equity ratio. Caverion retains high financial flexibility to support the execution of the company’s updated strategy of investing in profitable growth’, says Martti Ala-Härkönen, Chief Financial Officer of Caverion.