Ahlstrom issues €100mn bond at coupon rate of 4.125%
September 08, 2014 (Finland) by TT.NET
Finnish nonwoven fabric manufacturer Ahlstrom said it will issue a EUR 100 million senior unsecured callable bond.
The bond which matures on September 15, 2019 carries a fixed coupon interest rate of 4.125 per cent per annum and is callable, subject to certain provisions also before its final maturity.Ahlstrom will use the proceeds from new bond for refinancing and general corporate purposes of the group.It will also make an application to list the bond on the official list of NASDAQ OMX Helsinki Ltd.Earlier on September 2, the producer of high performance fiber-based materials had said it will issue the bonds but had not disclosed the coupon rate and maturity date.
In the second quarter of 2014, Ahlstrom managed to drastically reduce its losses and also report higher operating profit, while also improving its operating margins. Operating profit rose to EUR 9.6 million in second quarter of 2014 from EUR 6.4 million from the same quarter of 2013.While, loss before taxes slipped to just EUR 0.4 million from a loss of EUR 3.5 million in the corresponding quarter of 2013.Products produced at Ahlstrom materials are used in applications such as filters, medical fabrics, life science and diagnostics, wall coverings and food packaging.
2014-4-24 News from Chinaplasonline
Chinaplas 2014 brings new attractions
The much-awaited Chinaplas 2014(the 28th international exhibition on plastics and rubber industries) made its grand opening today at the Shanghai New International Expo Centre. The mega show this year features plastics and rubber technologies and products offerd by more than 3000 exhibitors from around the globe.
From today till Saturday ,an anticipated 120000 visitors will enjoy their time at the show viewing broad ranges of plastics machinery,equipment,chemicals and raw materials.Whether they look for state-of-the-art innovations or value-for-money products,CHINAPLAS always strives to meet their expectations.
Being held under the theme of "Greenovation-Solution to Sustainability",Chinaplas is staging two concurrent events:"the city of tomorrow" and "Green Conference".The former features a circular shape structure at the outdoor Central Spuare of the exhibition venue to showcase a sustainability cycle involving plastics and rubber; while the latter is a two-half-day conference on tow topics:"Innovative Solutions for plastic recycling" and "Green molding to halve the cost and double the wealth".