M-real Corporation Stock Exchange Bulletin 29.3.2006 at 3.10 p.m.
M-REAL SUCCESSFULLY COMPLETES EUROBOND BENCHMARK ISSUE
The 7-year EUR 500 million benchmark Eurobond of M-real Corporation
rated Ba3 (negative)/BB- (negative) is now completed. The bond is due
1 April 2013 and pays a coupon of 7.25%. The issue price was 98.655
to give a yield of 7.50%.
The bond was issued to repay existing indebtedness under the
syndicated revolving credit facilities.
Joint Book-Running Lead Managers for this transaction were Barclays
Capital and Deutsche Bank. Co-managers were BNP Paribas and SEB
For additional information contact Juhani Pöhö, Executive Vice
President and CFO, M-real Corporation tel. +358 10 469 5283 or Aapo
Nikunen, Managing Director, Metsä Group Financial Services tel. +358
10 469 4255