Elenia Group issues EUR 650 million in secured bonds

Elenia Finance Oyj, a fully owned subsidiary of Elenia Oy, has issued EUR 500 million in principal amount of 2.875% Fixed Rate Bonds due December 2020 and EUR 150 million in principal amount of 4.102% Fixed Rate Bonds due December 2030. The bonds are issued under a multicurrency bond programme and are listed on the London Stock Exchange. The transaction is a structured wholesale business securitization, the first of its kind by a Finnish issuer.

Elenia Oy is the second largest electricity distribution network operator in Finland with operations in more than 100 cities and municipalities and approximately 65,100 km of distribution network. In 2012, total electricity distribution volume was 6,391 GWh. Elenia Heat, a member of Elenia Group is the second largest private seller of district heating in Finland.