Stora Enso successfully priced its USD 10-year and USD 30-year bond offering

STORA ENSO OYJ Stock Exchange Release 11 April 2006 at 9.00

Stora Enso successfully priced its USD 10-year and USD 30-year 
bond offering

Stora Enso Oyj priced yesterday the offering of additional notes 
due 2016 (the “additional notes”) and new 30-year notes (the 
“longer dated notes”) due 2036. The offering follows an 
extensive roadshow in relation to the Exchange Offer launched on 
14 March that was successfully priced on 6 April. 

The maturity of the USD 207 938 000 additional 10-year notes is 
15 April 2016 and fully fungible with the recently priced new 
notes from the Exchange Offer. As a result, the additional notes 
and the new notes will have an aggregate principal amount of USD 
507 928 000. The issue was priced at US Treasuries + 150 bps and 
pays a coupon of 6.404 %.

The maturity of the USD 300 000 000 30-year notes is 15 April 
2036. The issue was priced at US Treasuries + 220 bps and pays a 
coupon of 7.250%.

The proceeds of the offering will be used to repay short-term 
debt and for general corporate purposes.

The additional 6.404% notes and the 7.250% notes due 2036 have 
not been and will not be registered with the US Securities and 
Exchange Commission under the US Securities Act of 1933, as 
amended (the "Securities Act"), and may not be offered or sold 
in the United States or to, or for the account or benefit of, 
U.S. persons absent registration or an applicable exemption from 
the registration requirements of the Securities Act. 
Restrictions may apply in other jurisdictions, see the Offering 
Memorandum dated 10 April 2006 for details.

For further information, please contact:
Markus Rauramo, Senior Vice President, Group Treasurer, tel. 
+44 20 7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266

www.storaenso.com
www.storaenso.com/debt 

STORA ENSO OYJ


p.p.	Jussi Siitonen	Jukka Marttila