Hannes Snellman Advises on Eltel AB’s EUR 25 Million Issue and Listing of Sustainability - Linked Hybrid Capital Securities
31 March 2023
Hannes Snellman is acting as legal advisor on Eltel AB’s issue and listing of EUR 25 million of subordinated sustainability-linked hybrid capital securities. Eltel is a service provider for critical infrastructure listed on Nasdaq Stockholm (Mid Cap). The capital securities have no maturity date, and the proceeds from the issue will be used for partially refinancing certain existing indebtedness and to support Eltel’s expansion within renewable energy infrastructure and efforts to improve profitability. Eltel will apply for the capital securities to be admitted to trading on Nasdaq Stockholm Sustainable Debt Market. Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc acted as joint lead managers.
Hannes Snellman’s core advisory team includes Maria Orrgard, Mattias Friberg, Markus Bremer, Joel Montin, Khaled Talayhan, Annemari Rosi, Pauliina Sutinen, Marc Tevell de Falck, Ebba Sjölin, and Sebastian Sund.