Stora Enso successfully completes Eurobond benchmark issue
STORA ENSO OYJ Stock Exchange Release 9 June at 16.30
Stora Enso successfully completes Eurobond benchmark issue
The 5-year EUR 500 million benchmark bond of Stora Enso Oyj,
rated Baa1 (negative)/BBB+ (stable), is now priced and launched
under the Companys EMTN (Euro Medium Term Note) programme. Due
22 June 2010, the deal pays a fixed coupon of 3.25% and has an
issue/reoffer price of 99.977 to give a spread of 58bps over 5-
year mid swap.
The bond was issued to improve the Companys debt structure and
take advantage of favourable market conditions.
Joint Bookrunners for this transaction were Barclays Capital and
Citigroup. Co-managers are BNP Paribas, Danske Bank, Deutsche
Bank, Merrill Lynch and UBS.
For further information, please contact:
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266
Previous press release concerning Stora Ensos Eurobond benchmark
issue
www.storaenso.com/press
- 7 June 2005: Stora Enso will launch a 5-year Eurobond
benchmark issue
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila