English

Nordea and Calyon are the main arranging banks for Botnia's pulp mill project in Uruguay

Report this content 
The Nordic finance group Nordea and the well-known French bank Calyon will act
as main arranging banks for the financing of Botnia's pulp mill project in
Uruguay. 


The funding for the pulp mill project in Uruguay comes mainly, approximately to
60%, from capital invested by Botnia S.A.'s shareholders, and the remaining 40%
will be arranged through external loans. 

"There have been no changes in the financing of the project. To the main part
the project is financed through Botnia's normal financing. From the external
loans, one part has been applied from IFC, which is a World Bank institution.
This decision has been delayed by the additional studies conducted by IFC",
tells Erkki Varis, President and CEO of Botnia. 

For additional information, please contact Mr. Ville Jaakonsalo, Senior Vice
President, Finance, tel. +358 500 881070. 

Nordea is the leading financial services group in the Nordic and Baltic Sea
region. Nordea offers its customers a wide range of products, services and
solutions within banking, asset management and insurance. 

Nordea has almost 11 million customers, more than 1,100 branch offices and a
leading netbanking position with 4.4 million e-customers. The Nordea share is
listed on the stock exchanges in Stockholm, Helsinki and Copenhagen. More
information http://www.nordea.com 

Calyon is the corporate and investment banking arm of the French Crédit
Agricole Group. The bank has world wide presence in 55 countries, including
Finland and Uruguay. Calyon is specialized in services in Structured Finance,
Investment Banking, Capital Markets and Corporate Banking. 

By Tier One Capital (Eur 63,4 billion in 2004) and Total Assets (Eur 1 243
billion in 2004) Crédit Agricole Group ranks among top 5 banks in the world.
The Group's long term ratings are AA- (S&P) and Aa2 (Moody's). More information
http://www.calyon.com

Subscribe