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SATO Corporation issues a senior unsecured green bond

Written by Customer Service on . Posted in Public Companies.

SATO Corporation, Stock Exchange Release, 17 September 2020 at 7:10 pmSATO Corporation (“SATO”) issues a EUR 350 million senior unsecured green bond under its EMTN programme. This is SATO’s first green bond. 
The bond has been offered to European investors and will be issued on 24 September 2020. The unsecured bond has a maturity of over seven years and will bear an annual fixed coupon of 1.375 per cent. The net cash proceeds will be used for financing and/or refinancing of Eligible Green Assets as per SATO’s Green Finance Framework.SATO will apply for listing of the bond on the Official List of the Irish Stock Exchange plc trading as Euronext Dublin and for the bond to be admitted to trading on its regulated market. The bond will be rated BBB by Standard & Poor’s, in line with SATO’s long-term issuer rating.Danske Bank, Handelsbanken, OP Corporate Bank and Swedbank acted as joint lead managers and bookrunners for the transaction.For more information, please contact:SATO CorporationGroup Treasurer Janne Runsamo, tel. +358 201 34 4009
CFO Markku Honkasalo, tel. +358 201 34 4226We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing stock through investments, divestments and repairs.SATO Group’s net sales in 2019 were EUR 296 million, operating profit EUR 726 million and profit before taxes EUR 671 million. The value of SATO’s investment assets is roughly EUR 4,7 billion.
Disclaimer:The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of SATO in any jurisdiction. In particular, this release does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States. Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered, exercised or sold in the United States or to U.S. persons absent registration or an applicable exemption from registration requirements.

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