White & Case Advises SATO Corporation on €300 Million Senior Unsecured Bond Issue

Global law firm White & Case LLP has advised SATO Corporation, a Finland-based real estate investment company, in relation to its offering of €300 million 2.250% senior unsecured notes due 2023 under its €1.5 billion euro medium term note (EMTN) programme. 

“We have advised long-standing client SATO as the first Finnish corporate to access the bond markets and the first Nordic real estate company to issue a Eurobond since the COVID-19 outbreak,” said White & Case Helsinki-based partner Petri Avikainen, who co-led the Firm’s deal team. 

The bonds will be listed on the official list of the Irish Stock Exchange trading as Euronext Dublin and admitted to trading on its regulated market. 

Danske Bank, Nordea, OP Corporate Bank and Swedbank acted as joint lead managers and bookrunners for the transaction.

White & Case partner Richard Pogrel, who co-led the deal team, said: “Consistent with what we have experienced across our European practice, even against the backdrop of significant uncertainty, the Eurobond markets are functioning and remain open for the right names.”

The White & Case team was led by partners Petri Avikainen (Helsinki) and Richard Pogrel (London) and included associates Jenni Nygård and Tommi Kolehmainen (both Helsinki) and Neha Saran (London). 

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