Elcoteq issues subordinated notes totalling MEUR 50
Sep 29, 2005
Elcoteq Network Corporation has issued subordinated notes in the nominal amount of MEUR 50 with a maturity of five years.
This is a private placement issue. An application will be made for listing the notes on the Helsinki Exchanges. The lead manager in the issue is the OKO Bank.
The company will use the notes to extend the average maturity of its loan portfolio and to strengthen its financial structure.