Debt information

EUR 60 million sustainability-linked bond (2024)

On 3 June 2024 CapMan announced the issuance of unsecured sustainability-linked notes in the aggregate principal amount of EUR 60 million (the “Notes“). The Notes will mature on 10 June 2029 and carry initially a fixed annual interest of 6.500 per cent. The issue date for the Notes will be 10 June 2024.

The Notes are issued in accordance with the new CapMan Sustainability-Linked Bond Framework published on 24 May 2024 on this page.

Releases related to the above:

• 11 June 2024: Listing prospectus for CapMan’s EUR 60 million sustainability-linked notes available; listing application submitted
• 3 June 2024: CapMan announces final tender offer results for its outstanding notes due 2025
• 3 June 2024: CapMan issues EUR 60 million sustainability-linked notes
• 31 May 2024: CapMan announces indicative tender offer results for its outstanding notes due 2025
• 24 May 2024: Inside Information: CapMan considers issuance of new sustainability-linked notes and announces a voluntary tender offer of its 2025 notes
• 24 May 2024: CapMan publishes new Sustainability-Linked Bond Framework, strengthens link to climate targets

EUR 40 million sustainability-linked bond (2022)

On 6 April 2022 CapMan announced the issuance of the first ever unsecured sustainability-linked notes in Finland in the aggregate principal amount of EUR 40 million. The notes will mature on 13 April 2027 and carry initially a fixed annual interest of 4.500 per cent. The issue date for the notes will be 13 April 2022. 

The notes are issued in accordance with the CapMan Sustainability-Linked Finance Framework. Through its Sustainability Performance Targets, CapMan is committed to the Science Based Targets initiative (SBTi) Net-Zero Standard to help its portfolio companies, assets and ultimately stakeholders to transition towards a carbon-neutral society. CapMan also seeks to integrate sustainability objectives into the variable remuneration of its Management Group in order to align the incentives of decision makers with sustainability targets and promote day-to-day actions that prioritise sustainability issues. 

Releases related to the sustainability-linked bond

• 27 April 2023: CapMan has achieved both sustainability performance targets for its €40 million Sustainability-Linked Bond issued in 2022
• 13 April 2022: Listing prospectus for CapMan’s EUR 40 million sustainability-linked notes available; listing application submitted
• 13 April 2022: Issue condition for voluntary redemption of notes due 2023 has been satisfied
• 6 April 2022: CapMan issues EUR 40 million sustainability-linked notes as the first issuer in Finland
• 4 April 2022: CapMan considers issuance of sustainability-linked notes and announces voluntary total redemption of its outstanding notes maturing in 2023
• 4 April 2022: CapMan publishes Sustainability-Linked Finance Framework

EUR 50 million bond (2020)

On 2 December 2020 CapMan announced the issuance of a EUR 50 million bond. The proceeds from the Notes offering are intended to be used to refinance certain existing indebtedness of the Company, including funding the purchase of a part of the Company’s existing notes by way of a tender offer. The bond matures on 9 December 2025 and pays a coupon of 4.000 per cent.