KCI Konecranes International PLC Issues a Serial Bond

KCI Konecranes International Plc will issue a fixed rate serial bond to the maximum amount of EUR 100 million. The bond is targeted at institutional investors. The issue will be arranged by Leonia Corporate Bank Plc.  
 
The serial bond will be issued in two or more tranches with a variable issue price through a public auction process ("book-building"). The bond has a maturity of five (5) years (24 November 2000- 24 November 2005). The bond will be issued as book-entry securities, each with a nominal value of EUR 100,000. KCI Konecranes International Plc applies for a listing of the bond on the Helsinki Exchanges.  
 
With the serial bond KCI Konecranes International Plc brings to the market a publicly quoted debt instrument and diversifies the company's financing sources.  
 
The KCI Konecranes Group is the industrialised world's leading provider of Maintenance Services for electric overhead travelling ("EOT") cranes. The Group is one of the leading standard EOT crane and component builders and a leading manufacturer of engineered and heavy duty cranes for process industries.  
KCI Konecranes is also a global supplier of special harbour cranes for bulk materials and containers and a leading provider of Shipyard cranes. In 1999 the Group's sales totalled EUR 591.5 million. KCI Konecranes has over 4,000 employees in 34 countries throughout the world.  
 
For further information, please contact:  
Teuvo Rintamäki, Chief Financial Officer,  
KCI Konecranes International Plc  
Tel. +358-20 427 2040