Amer Sports to issue large bond to secure fresh money

The Finnish group has announced that it will issue a floating rate bond worth 750 million Swedish crowns (€85.2 million). The bond addresses institutional investors from northern and central Europe and is repayable within five years. It will be listed at the Nasdaq OMX stock exchange in Helsinki. Amer said that the offer was quickly oversubscribed by no less than 40 investors. The parent company of Atomic, Salomon, Wilson, Precor, Suunto, Mavic and Arc’teryx wants to use the money to repay older loans and for general corporate purposes.

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