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CapMan Plc issues EUR 20.0 million hybrid bond


CapMan Plc Stock Exchange Release 5 December 2008 5.30 p.m. 

CapMan Plc has resolved to issue a EUR 20.0 million hybrid bond to Finnish institutional investors in order to strengthen the Group’s capital structure and to finance investments that CapMan Plc has made to the funds managed by the Group in line with its strategy. As the bonds are issued as serial bonds, the size of the issue may be increased to EUR 30 million.
The semi-annual coupon rate of the bond is 11.25%. The bond has no maturity but the company may call the bond after five years. The bond will be treated as equity in the Group’s IFRS financial statements. The issuance of the bond will not dilute holdings of company’s shareholders.

A hybrid bond is a bond that is subordinated to company’s other debt obligations but senior to its other equity instruments. Holder of a hybrid bond does not have any shareholder rights.
For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50 559 6580
Mari Reponen
Communications Director
Investor Services
Helsinki Stock Exchange
Principal media
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.2 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.